Historic U.S. Dollar Rally Underway

Christine Hughes of OtterWood Capital outlines how the U.S. dollar could experience an epic short squeeze, a bull rally that will be one for the history books. She doesn't talk about the yuan, but it will not be able to ride this squeeze higher amid a domestic slowdown.

The yuan is also the king domino in a dollar squeeze scenario. Once it goes, all the dominoes are going to fall, each one adding more rocket fuel to the rally. In terms of fireworks, however, the yen may be the "winner" among major currencies——assuming the eurozone doesn't break apart.