April 11, 2025

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Extraordinary Behavior

Please click here for a chart of the dollar index (DXY).

Note the following:

• The chart also shows gold ETF (GLD), Japanese currency yen ETF (FXY), S&P 500 ETF (SPY), and JPMorgan (JPM).
• The chart shows that the dollar index has fallen below the psychologically important level of 100.
• Unlike stocks, the dollar normally does not move as much as it has recently as shown on the chart.  This move in the dollar is extraordinary.
• The chart shows the move in SPY when President Trump paused reciprocal tariffs.