Dollar Breaks Out, Pressures Multiple Asset Classes As HY Credit Get Ugly & More Signals Print

1:26 p.m. ET The U.S. dollar Index (+0.5%) is breaking out with early evidence of short-covering, and it’s putting pressure on multiple asset classes from stocks to precious metals. Dollar (60m) breaking out. As the dollar went up, index futures came down into the open. S&P futures (1m) The major averages continue to slide lower…