Hopefully George Washington is wearing a parachute today as the U.S. Index plummets lower by 0.95 cents to $79.35. This decline in the U.S. Dollar Index is what has kept the stock market from tanking today. As we all know by now everything inflates when the U.S. Dollar Index declines. After a horrible job report such as the one that we all saw today from the U.S. Labor Department the stock market would normally be trading down sharply. However, the action in the U.S. Dollar Index is the only chart that matters when it comes to inflating the markets.
The U.S. Dollar Index is a weighted geometric mean of the dollar's value compared with the
* Euro 57.6% weight
* Pound Sterling 11.9% weight
* Canadian Dollar 9.1% weight
* Swedish Krona 4.2% weight and
* Swiss Franc 3.6% weight.
* Japanese Yen 13.6% weight.
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