The Dollar was the catalyst all along.
The strong negative correlation between stocks and the US Dollar has been consistent since 2016.
When the Dollar is weak, stocks rip. End of story.
Look at how well stocks did in the 4th quarter while the US Dollar Index had its first 3 straight months of losses since the end of Covid, which if you recall sparked the greatest 52-week period for returns in the history of the stock market.
I still think it’s important to focus on the Dollar, so here are some potential levels of future interest: [Read more…]