The near-term direction of US interest rates will play a major role in how market conditions resolve in the coming weeks. This is a chart you want to monitor closely...
It's the weekly currency edition of What the FICC?
The US dollar index $DXY registered a "death cross" last week, confirming a bearish trend reversal.
But it's not the confirmation of the dollar downtrend that has my attention. It's what the signal suggests for stocks in the coming months and quarters.