The DOW Makes Record High But This Chart Shows A Hidden Truth

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Yesterday, the DOW make a record high, helped in part by CSCO earnings. I turned on CNBC and Bloomberg after the close and there was a lot of celebration.

The DOW is up 13.91% this year, since New Years.

However, foreign investors who are investing in the DOW, or US stocks for that matter, are not making that return, because the value of the US dollar has been drip dropping all year on them.

Here is a chart of the USD dollar index, so you can see what I am saying.