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In the past, when the spread between the U.S. Dollar and the Euro was very narrow, it paid to “Long the Dollar and Short the Euro.”
If history is a guide….The key message this narrow spread is sending - Stocks and Commodities often struggle during this situation!”
In this post (see post here) stocks have made few “long-term gains” when the Euro is at this high of a price!
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Surprised to see these commodities breaking key support? The Euro/Dollar spread (in the top chart) is suggesting to underweight the equity and commodity complex.
