non-confirmations inwards the stock market, equally novel stock highs inwards the large cap indexes were non followed yesteryear highs amid small-scale caps together with many stock sectors.
What nosotros likewise come across is that the recent highs inwards large cap stocks accept non been followed yesteryear novel dollar lows against the euro (top chart), yen (second nautical chart from top), Canadian dollar (second nautical chart from bottom), together with Swiss franc (bottom chart).
With these major currencies topping out against the US of America dollar together with stocks showing divergences at highs, nosotros may endure seeing a major plough inwards the dollar-fueled "risk trade".
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