Dollar Index...the most important thing in Macro right now IMO

Watching the weekly momentum for a trend break from bearish on the weekly. If it breaks, we are going to trade like quad 4, where:


1- equities broadly won't like it apart from low beta defensives like Utilities
2 - Yields should fall, so it's long US treasuries
3 - Gold should catch a bid

Let's see.

评论:

OK, so our $ friend is poking his head up. Econ data looking like Quad 3 (stagflation) for third quarter, which is not bullish for DXY.

This could be a head fake
We may just pause before take off
Maybe we just consolidate for weeks.

No hard view yet, but airing on the side against the bulls.