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Friday, February 13, 2026

No Hiding Places

Courtesy of Mish.

I have been wondering for well over a year when the day would come that there are no hiding places.

Today is one such day: US equities down, Asia equities down, European equities down, Treasuries down, European bonds down, foreign currencies down, commodities down.

The one and only hiding place today is the one asset everyone loves to hate: the US dollar.

Asia/Pacific Equities

European Equities

US Equities

The top three lines in the above chart are S&P 500 futures, Nasdaq 100 futures, the DOW index.

Currencies

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