The Dollar Is Tanking, The Market Is Getting Hammered, And Big Tech Is Getting Crushed

Steve Jobs Apple TV

That’s basically the scene today… not too if you have your cash in standard-issue dollar-denominated assets.

The dollar index is getting killed today, falling decisively below 78, while dollar alternatives like precious metals are rallying big.

The Swiss Franc is a monster winner.

A major loser? Big tech. The NASDAQ is off over 1%, with former pillar of strength Apple leading the way down. The big plunge in the cloud computing names aren’t helping either.

Don’t miss: 12 big bets hedge funds are making right now >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at