
Weekly Notebook Review | Vol Up, USD Up, Rates Up $SPY $QQQ $USO $GLD | August 2, 2023
Hedgeye Podcasts
The Quad 4 Outperformers in the US Dollar
Brent Oil is a plus 0.87 correlation to the US dollar commodities themselves plus 0.88. Gold is moved from, you know, what had been basically around a plus nine or kind of high 80s from native correlation down to native point for one. So it's going to be really interesting to see kind of what transpires with the dollar. If it does continue to have a strength, then I think you're going to continue to see this oscillation between Quad 3 and Quad 4 on those strong US dollar days.
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