Last week I charted DXYs negative correlation with the S&P 500.
Since England announced QE to save pensions, the DXY went into positive correlation with the S&P 500.
Markets are a tinder pile ready to burn any Market Cap down. Today was Apple. Tomorrow MU? Maybe.
One thing is for sure. Volatility is gaining traction into the end of Sept.
JHEQX resets tomorrow.
If you look back at the history of JHEQX, the expirations tend to PIN the market and it's only weeks after a reset are a window of weakness for the indexes.
Since England announced QE to save pensions, the DXY went into positive correlation with the S&P 500.
Markets are a tinder pile ready to burn any Market Cap down. Today was Apple. Tomorrow MU? Maybe.
One thing is for sure. Volatility is gaining traction into the end of Sept.
JHEQX resets tomorrow.
If you look back at the history of JHEQX, the expirations tend to PIN the market and it's only weeks after a reset are a window of weakness for the indexes.
