We tried to get at this the other day when we commented on Warren Buffett’s currency analysis, but the simplest way to put it is this: The Dollar is the new Dow.
Just now, before CNBC went to break, Joe Kernan said: let’s take a quick check of the dollar and showed the below screen. In years past, the network would have certainly gone to a Dow or S&P chart as the default. If there’s one thing to realize about the nature of today’s market, this is it:
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