Emerging markets surge on USD weakness

Technical Strategy Video:

Key Takeaways

  • Equity bounce ongoing, but has begun to lose some strength given Small and Mid-caps dropping, Transport weakness while Discretionary and Healthcare fell on Wednesday.
Hot CPI print brought about a big drop in the US Dollar, while Commodities like Natural Gas, and Copper staged big breakouts to join recent strength in WTI Crude.  Near-term, this decline in DXY looks to be close to intermediate-t...

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