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A new trend or just a slow August, but the euro and stock markets - moving in perfect lockstep...

A new trend or just a slow August, but the euro and stock markets - moving in perfect lockstep for much of the past year and a half - have moved in opposite directions for 10 of the past 13 sessions (not today, though). The breaking of the euro's correlation to risk may be a necessary one if bears on the currency are to see their targets hit.
Comments (2)
  • 2 year euro swap spread is down 54% to date...Dax is up 17% year to date
    24 Aug 2012, 09:16 AM Reply Like
  • A better way this news item should be expressed is that no longer are the markets and the dollar moving inversely. This is a notable and positive development, as it is now properly reflecting the growing relative strength of the U.S. domestic economy. The U.S. is resuming its previous station as the global leadership economy, i.e., being the "dog," rather than the "tail."
    24 Aug 2012, 09:22 AM Reply Like
DJIA (DIA) S&P 500 (SPY)