Still Tied to the Euro

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

Back in late September I mentioned how the major U.S. indexes seemed very tied to the euro – at that moment the euro was in a descending channel, consolidating a big move from early August.   Which is essentially that the S&P 500 was doing.  Now we have seen euro strength this week, especially today.  And what have we seen from the market?  The exact same thing.

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