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The Dollar is up, Crude is up, which is not normal, and the 30-Year T-Bond is trading lower [Video]

Mount Equity Group Tokyo Japan > News > Markets > The Dollar is up, Crude is up, which is not normal, and the 30-Year T-Bond is trading lower [Video]

US Dollar: Mar ’23 USD is Up at 105.220.

Energies: Feb ’23 Crude is Up at 73.96.

Financials: The Mar ’23 30 Year T-Bond is Down 5 ticks and trading at 127.12.

Indices: The Mar ’23 S&P 500 emini ES contract is 8 ticks Higher and trading at 3831.00. 

Gold: The Feb’23 Gold contract is trading Up at 1841.60. Gold is 10 ticks Higher than its close.

Initial conclusion

This is not a correlated market. The dollar is Up, and Crude is Up which is not normal, but the 30 Year T-Bond is trading Lower. The Financials should always correlate with the US dollar such that if the dollar is lower, then the bonds should follow and vice-versa. The S&P is Higher, and Crude is trading Higher which is not correlated. Gold is trading Higher which is not correlated with the US dollar trading Up. I tend to believe that Gold has an inverse relationship with the US Dollar as when the US Dollar is down, Gold tends to rise in value…

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