The weakening USD has been one of the many recent factors in driving this market higher over the past few months. Near the end of March, the USD (using DXY) hit 102.99, and has since fallen straight down (with some chop). The USD topped during the same week that SPX, and global equities, bottomed.
Every market often has different triggers – and right now, and likely for the foreseeable future, equities want nothing to do with a strong USD.
Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.
|Chart of The Day – June 23, 2020|