FT: “Treasury yields rise after Fed minutes show inflation concern”By admin_45 in IN THE NEWS
Excerpt from the Financial Times quoting DataTrek's Nick Colas:
... "Data compiled by Nick Colas, co-founder of DataTrek Research, showed that dollar peaks correlated with the exact days of lows for the S&P 500 in 2009 and 2020.
“The dollar has given useful information at prior major US large-cap equity lows,” he said. “The fact that it continues to strengthen versus the euro, pound and other currencies tells us to expect further US equity volatility"."...
Full article here on the FT.