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

Accurate headline would be: "Trump says he will stop withholding the pay he was withholding from TSA."

When I say this entire regime should be thrown in prison forever, I definitely also mean a prison that will play Lara Trump singing on the loudspeakers 24 hours a day.

Sustainability is good business

I don’t think this is fair at all. Lindy West’s brand was not built on her husband, even if some people saw their marriage as aspirational. Lindy West saying “fat people deserve love and happiness” is now somehow a bad thing because she’s had struggles in her relationship? This is not a fair expectation to put on anyone