So, the dollar has been strengthening.
And this could become a problem for risk assets generally if it continues.
We're now getting close to the area that will probably start to negatively affect risk assets.
I wouldn't want to see DXY moving much higher than 101, from a risk asset bull perspective.
Although, I feel like we're still in a big sideways correction/consolidation period here for DXY - for now.
My base case is this current move is not the start of a much larger move higher.
From a technical perspective, it's possible the high was printed earlier this week (swing failure pattern).
Generally, the more the dollar wrecking ball strengthens, the more of a stranglehold it puts on risk assets.
This can also often be a leading relationship.
More below.