Courtesy of Tim Knight’s Slope of Hope
The dollar’s strength is absolutely the tonic the bears needed. It is working wonders. My bearish energy positions – and they are big’uns – are going to start the day off with a huge bang. I see the USO is down an amazing 2.37% before the opening bell.
I say again: the dollar’s strength will zap equities. Just look as the USD/CAD below: if that was a stock, wouldn’t you be buying it?
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