U.S. Dollar has been falling hard of late, stocks and commodities have benefited from this decline. Below the Dollar is approaching potential dual channel support.
WOULD NOT HARVEST long international or commodities holdings right now, yet would place a stop a few percent below current prices, to protect the nice gains that have taken place. The Dollar decline has been relentless, somewhere a short-term bounce is due.
As shared in the chart above, if the Dollar breaks support at (1), an “overweight towards international and commodity holdings” should benefit portfolios.