Recent stock market rally.. What if it was priced in Euros?

The recent S&P advance priced in Euros

It's clear that the only reason the US stock market has climbed is because the US Dollar has fallen against other currencies.

So for those who believe this rally is credible, you'd better watch the US dollar. When it turns upward, it's likely all those gains in the S&P are going to start being erased.

Scrutinizer