Currencies Favor Bears Longer Term (SPY, FXE, UUP, FXA, DBA)
Posted on December 12, 2011 at 18:15 PM EST
Chris Ciovacco: The correlation between the S&P 500 (NYSEARCA:SPY) and the euro (NYSEARCA:FXE) has been running extremely high in recent months. Therefore, if the euro can mount a sustained charge higher, stocks could do the same. As we mentioned o...