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DX ~ Monthly
A weak dollar has done a lot of the heavy lifting in the stock market and some commodities (particularly copper). That era appeared to end when the Warsh appointment was announced in late January. Suddenly, the dollar found buyers (and is now breaking out), and gold and silver hit a wall. It isn't a coincidence that stocks topped in late 2021 as the dollar was bottoming and bottomed in late 2022 as the dollar was topping. If the dollar moves to 110, stocks and copper are wildly overvalued. #copper #stocks #dollar #debasementtrade #spx $spy