Victor Adair: Get the Dollar Right

Posted by Victor Adair via Drew Zimmeran @ PI Financial

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We’ve maintained our bullish US Dollar bets with CAD short positions (we “coulda/shoulda” been more aggressive given the US Dollar upside breakout) and we’ve maintained our bearish bets on WTI Crude. Three weeks ago we took an initial short position in US stocks.

The US Dollar Index has surged higher the past 3 weeks…up 25% since July 2014 at fresh 12 year highs. It has recovered about half of what it lost during its 2002 to 2008 bear market…we think it has a lot more upside…

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…..continue reading commentary & view 5 more charts HERE