Gentlemen,
it´s a very easy game these morons are playing. Sell USD across the board. ES goes up. All other indices ( because European fund managers have no brain of one´s own ) are following. Commodities are following. Especially commodity stocks are following.
Correlation factor almost 82 %.
The destruction of purchasing power doesn´t matter and unemployment figures do not matter and the sharp fall in consumer end demand doesn´t matter.
Only thing that matters is outright STUPIDITY and IGNORANCE of some quant desks.