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Why the 2023 stock market rally might depend on the U.S. dollar

Por: MarketWatch Business February 05, 2023

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“Over the last 12-14 months there has been a clear inverse correlation between equities and the U.S. dollar…The DXY looks very poised for a countertrend rally here, and we don’t think we can get a true sense of the durability of this rally until we see how stocks react to a rising dollar,” said Jonathan Krinsky, chief market technician of BTIG, in a note last week (see chart below).  SOURCE: BTIG ANALYSIS AND BLOOMBERG The ICE U.S.... + full article



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