Gauging Sentiment For The Dollar With This Structured Product (CAQ)

Roger Nusbaum submits: I have written about a structured product that I bought personally but not for clients that is pegged to a basket of Asian currencies (ticker: CAQ). Lately it has been bouncing up a little. It is spending some time above $9.50, but not necessarily staying there, which is new territory in the time I have been watching it:

CAQ 1-yr chart:

I still have no plans to buy it for clients due to its complexity, and I am not suggesting anyone else buy it either but I am starting to wonder if watching it might be a useful proxy to gauge sentiment for the dollar. This is a theory I am working on and have no conclusions yet. I think it is worthwhile to explore new theories. There are inter-market relationships that exist that can help you better understand your own portfolio.

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