The 10yr/DXY X Factor.
From Greg M
Lions.. in my post market video I alluded to a particular calculation regarding the 10yr yield and the DXY.
See the video below.
I want to explain more here.
If you take the 10yr yield and multiply that by the DXY, then divide that by 1.61 you get X.
The higher X is, the more we need to pay attention to what is going on.
As examples.
Right now this X is roughly 82. This is a low number and represents a low risk for stocks.
At the 1987 stock market crash, this number was 488, and at the 08’ meltdown it was nearly 200. The Dot-Com bubble/crash this number was 360
As a general rule, the higher the X in this calculation, the more risk averse we need to be.
Today we stand at roughly 82, no where near a danger zone but again, we must also look at the current environment.
To me, the stock market remains RISK ON.
Please feel free to share this.
GM
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https://www.youtube.com/watch?v=8ZcljjGfLk8
Excuse my ignorance but why do we divide by 1.61?