The action has been interesting. I have been following RUB the Russian Ruble and the chart is very interesting in January of 2016 the dollar peaked at about 78 rubles to the dollar and now sits at 56.51. When you look at a chart of the ruble to dollar it appears as a inverse to the S&P. The S&P is up 16.85% year over year. While the dollar has lost to the ruble approximately 15.33% year over year. One can conclude that it is not the market going up it is the dollar going down. Especially when one looks at the action with crypto currencies adding to the evidence.