Pretty goopt is going let's go she's got A chart critty what do you have this Morning to save us well if i can harp on What lisa was just talking about the Recession odds in europe that seems to Be the base case while that's fading Into a lot of flows for the dollar of Course today you do see the dollar Weaker but i want to tie the dollar Story to the stock story which brings me To my chart of the day the 40-day Inverse correlation between the stock Market and the dollar essentially for Our radio audience what you're seeing is A sea of red what it shows you is that During the pandemic there's been this Dynamic a weaker dollar equals higher Stocks and vice versa and now right now Of course you have that correlation Sitting at about a 0.4 statistics nerds Will say that is not significant but if You look very closely it tends to bounce Back to a 0.7 which tells you that that Is a very serious relationship Especially when it comes to capital Flows do foreign investors in the face Of coveted lockdowns in the face of Those european recession odds flock to The dollar and therefore flock to u.s Stocks so keep an eye on this Relationship critty thank you greatly Appreciate that
