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Can risk assets move higher and the U.S. Dollar move higher, at the same time? Usually not…yet they sure can!
Over the past 5 weeks this has been the case, reflected in the chart above. Ever since KRE broke resistance (see post here) the underperforming financials have done pretty well.
Currency movements remain very important in the macro picture, yet from time to time, keying on sector strength and breakouts can be very rewarding, as KRE is up over 20% in the past 90 days!
