The U.S. dollar analog continues going strong. In the two charts below, I compare oil and copper. Oil bottomed a little before the U.S. dollar 3-month sell-off concluded in 2016, it bottomed a little before the same dollar move in late 1998. Copper retested its bottom amid the global recession, but it did not make a new low. There are other factors at work, but it's possible a bottom is in even if the dollar marches on to a new high.
On the dollar chart I mark where we are versus the prior point in the cycle. For copper, I marked the dollar analog to this month. For oil, I looked at the bottoms.
波士顿中国留学生因骚扰民主活动人士被判入狱
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4月24日,来自中国的前伯克利音乐学院学生吴啸雷被美国法院判处九个月监禁。法院要求吴啸雷6月7日前往指定的监禁 […]...
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