While everyone was watching the SP after the Fed, did anyone
notice what the 10yr did?? Rates moved higher..
As many of you know, how tightly correlated the Dow is to the dollar. Think of 2 weeks ago..the dollar spiked intraday, the Dow went from up 100 to down 100 in a matter of minutes.
The bottom line, if the trend in the 10yr catches traction tomorrow, and this begins to spook the dollar shorts, well you know the rest of the potential story.
Sources all over have said for weeks how huge the short dollar carry trade is, a virtual money machine, played from all over the world. The potential reversal could be dramatic and affect not only stocks, but crude and Gold as well.
notice what the 10yr did?? Rates moved higher..
As many of you know, how tightly correlated the Dow is to the dollar. Think of 2 weeks ago..the dollar spiked intraday, the Dow went from up 100 to down 100 in a matter of minutes.
The bottom line, if the trend in the 10yr catches traction tomorrow, and this begins to spook the dollar shorts, well you know the rest of the potential story.
Sources all over have said for weeks how huge the short dollar carry trade is, a virtual money machine, played from all over the world. The potential reversal could be dramatic and affect not only stocks, but crude and Gold as well.