The US Equity Market Is Lagging Far Behind the US Market

The US equity market is kind of the odd man out when it comes to risk. FX PRIS proxies are now about three, four percent lower on average. Add to that the dollar rally off the lows plus significant increase in non-commercial dollar positioning and CFTC combined with declining US treasury yields. And then this is a herald. This is an awesome line. Hold your horses. Not calling for complete sell off just yet.