From the desk of Steve Strazza @Sstrazza
The US Dollar Index $DXY is ripping to its highest level in 20 years today.
We just covered this dollar strength and what it means in our Currency Report, which you can read here.
We talk about the implications of a stronger dollar on risk assets, particularly stocks.
While this rally in the dollar is definitely not a good thing for stocks in the US or abroad, we see these intermarket relationships dislocate all the time.
Could stocks and the dollar rally higher together? Sure! Commodities and the dollar have already been doing this for several quarters now…
Let’s talk about that quick.