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home / news releases / SPXS - The Dollar High-Yield Bond Market And S&P 500 Revenue Growth


SPXS - The Dollar High-Yield Bond Market And S&P 500 Revenue Growth

The two US dollar proxies followed regularly are the Invesco DB USD Bullish ETF (UUP) and the DXY. The UUP is a tradeable ETF, but it generates a K-1, therefore I stopped buying it for clients.

Both the DXY and the UUP have identical currency weightings:

  • Euro: 58%
  • Yen: 14%
  • Pound: 12%
  • Krona: 4%
  • Franc: 4%

The dollar, as measured by the UUP, fell a little over 1% this week. The attached graph shows that despite recent dollar strength, the UUP failed to take out its early 2017 high.

A weaker dollar would be -

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Stock Information

Company Name: Direxion Daily S&P 500 Bear 3X
Stock Symbol: SPXS
Market: NYSE

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