Slope of Hope Blog Posts

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The One-Edged Sword

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Warning! Whine alert!

Looking at the action tonight, I must again ask: if the weak dollar was the reason equities exploded higher, how come a muscular dollar is doing jack squat for equity bears? WTF?


Above, the blue line is the EUR, and the black line is the /ES. If things were tracking normally, the /ES would be 100 points lower than it is now. Again: WTF?

It makes me think that when the EUR inevitably bounces, equities will roar higher. Grrrr……….