Here are some of today's MarketBeat posts, in order, starting at 4:31 a.m.:
Dollar Gains Ground in EuropeHmmm. A theme appears to be emerging. Here's their headline post:
Going for Gold?: A Few Things to Consider First.
U.S. Stocks Aimed Lower As Dollar Perks Up
Where’s the Dollar Strength Coming from Today?
More on the Buck, the Yuan and Brazil
No Big Mystery Here, Dollar Up, Energy and Materials Down
Gold Reached for Records, As Dollar Stabilized: What Does it Mean?
Take notes traders. When the Fed eventually makes its decision to raise rates, which will likely prompt moves in the dollar, the universe might look a lot like today. Crude oil down, commodity currencies such as the Australian and Kiwi dollars down, and of course a limp stock market.I have some decent resources that are pointing to the same conclusion. If we have panic buying in the buck, for whatever reason, he who panics first panics best.
Remember the action during Bernanke's speech on Monday?
(via The Market Ticker):
An EXACT correlation as soon as Bernanke's words were released - synchronized EXACTLY as to time. Dollar spiked, the S&P 500 dropped....