You see what just a little bit of Dollar weakness does to this market?
I’m telling you. I’m not making this up.
Now here’s the thing. Let’s remember that extreme volatility IN BOTH DIRECTIONS is commonly found near turning points.
Last time the US Dollar Index had a single day GAIN as large as Friday’s was 3/19/20.
Last time the US Dollar Index had a single day LOSS as large as Wednesday’s was 3/26/20.
The Dollar Index peaked on 3/20/20. Stocks bottomed the very next trading day on 3/23/20.
Here’s a look: [Read more…]