Dollar Vs. Stock Correlation Hits Multi-Year Extreme

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 |  Includes: DBV, IVV, SPY, UDN, UDNT, UUP, UUPT, VOO
by: Bespoke Investment Group

Six months ago, the correlation between the S&P 500 and the US Dollar was at its most-inverse level since late 2009. Today, that inverse correlation has been completely erased and the two assets are now more correlated than they have been in more than a decade!

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