Source: Think BIG
While equities have been under pressure lately, the US Dollar has been showing strength. Following today's gain, the US Dollar Index is currently riding a ten day winning streak. Going all the way back to 1974, there have only been five prior streaks where the US Dollar Index rose for at least ten straight days. The longest winning streak the index has ever seen is eleven days, so another couple of up days for the dollar and the current streak will be a record run.
Earlier today, we looked at how the US Dollar Index and the S&P 500 typically perform following each of the prior ten day streaks. Clients wishing to view today's report can click on the link below. If you are not currently a subscriber and wish to subscribe, sign up for Bespoke Premium today! Have a good weekend.
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