This is a chart of SPY vs a USD denominated etf $VEA that holds foreign DM stocks (has exposure to both the local stocks and FX)
Do you see any reason whatsoever that the relationship between spy and USD returns on foreign stock are mean reverting? https://t.co/SrDzesv4cd
This is a chart of SPY vs a USD denominated etf $VEA that holds foreign DM stocks (has exposure to both the local stocks and FX)
Do you see any reason whatsoever that the relationship between spy and