The dollar is below 100 on the index, down nearly 5% over twelve months. Textbook says this boosts emerging markets.

But emerging market ETFs are down sharply. The Kospi just fell 3% in a session. That correlation isn't working.

Why? US Treasury yields are pulling capital home regardless of dollar direction. A weak dollar can't beat 4.35% in the world's safest bond market.

When reliable correlations break down like this, what usually follows?

globalmarkets

Thank you all for your kind notes and well wishes.

Mom and baby are doing great :)

So so proud of my wife!!

I hate packing 😭😭😭

The best snow-forecasting app for skiers and snowboarders isn’t from any of the federally funded weather services. Nor from any of the big-name brands. It’s an independent app startup that leverages government data, its own AI models, and decades of alpine-life experience to offer better snow (and soon avalanche) predictions than anything else out there.