US 500Updated DXY vs. SPX: Negative Correlations Fading
Pre-earnings (which I think will be bad, next week) will anifest a permanence of job loss, not good for any SPX bulls. I think that the dollar will go up to 103 for 14. Keeping in mind that this correlation's z-score approached -1.0, we're seeing a divergence pushing the correlations back towards 0 (uncorrelation).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.