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I find the thought helpful, that part of the USD weakness is money flushing back from cash into equities.
(assumes that not much private money was in bonds - so the bond selloff has less impact on usd )
<- this is actually supported by the ES/ZB ratio:
http://www.sierrachart.com/image.php...8345917807.png
top panel SP500 Futures
lower panel SP500 Futures / bonds ratio
The money that fuels the current equity rally does not only come out of bonds.
(otherwise they are like moon and sun)
Last edited by PeterR; 07-12-2016 at 01:58 PM.
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