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Using UUP as an Inversely Correlation in the Market
As the US dollar goes up, the market tends to go down and vice versa. But in this current environment where they're raising rates so quickly, this rise in the dollar is actually suppressing stocks. So that's just to give you a little bit of context. And I think whenever you get back to your charts, you can do a quick compare of UUP and SPX or SPY. And you'll get a clean picture of what I'm talking about.