As everyone marvels at the performance of the U.S. stock market, just remember that in CAD, Aussie Dollar and Yen terms, the S&P 500 is barely up more than 1% for the year; flat against the Kiwi and Sterling; and down 3% in peso terms, down 5% in euro terms and down 6% in Swedish krona terms. Oh, and down 20% in gold terms. I hate to rain on the parade, but I think I just did.  The illusion of a bull market through the lens of an ever depreciating DXY, which just broke below 98 after failing once again at the 50-day trendline.