Slope of Hope Blog Posts

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US Dollar and the Bond Continuum ©

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The US currency is up this morning and surprise surprise, gold, among other things is down (gold bugs should not be in worry mode, they should be in general preparation mode… and I don’t mean canned goods and Uni bomber shacks).

Meanwhile, the USD would not be disruptive for US stocks unless/until it gets impulsive and attends a flight to the risk ‘off’ side of the boat. Short of that, a rise in the dollar puts stocks on notice, but doesn’t croak them in real time (as evidenced by the 2014 up phase). Meanwhile, logical rotation is the theme.

If USD goes on to do what I think it will do, the declining black line AKA the 200 day moving average, is the target. So far, so good as Unc is making good progress at turning the MA 50 into support. I am very long pro-USD vehicles. (more…)