The Dollar Playbook
October 12, 2023
Last Friday, DXY peaked and started to roll over, buoying stocks and the major averages such as the S&P.
Regardless of the timeframe, the catalyst for stocks to do well is a weaker US dollar. It’s really that simple.
We're looking at the 105.50 level in DXY. We’re just about there now.
A break below these Q1 highs, and stocks are likely to experience a big leg higher into the end of the year. That’s the dollar playbook these days.
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Alfonso