The Trend Is Starting to Move Lower

“The U.S. Dollar Index is on the verge of actually looking weaker,” noted Dave Floyd around midday today. “Key levels are 112.50 and 112.21. A close below here and we’re looking at 109.64.” Is the prospect of a softer dollar sufficient to explain a near-4% rally for the Nasdaq Composite, a 3% gain for the S&P 500, and a 2% rally for the Dow Jones Industrial Average? Dave, the founder of Aspen Trading, joins Maggie Lake for today’s Daily Briefing to talk about today’s rally and what’s driving it, how he traded it, and using tools such as position-sizing to manage risk in a volatile market. We also hear from Brent Johnson about his “dollar milkshake” theory. Watch the full conversation featuring Brent Johnson and Ash Bennington here: https://rvtv.io/3gfDdkq.

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