Dollar Soaring, Equities, Risky Assets Plunging (UUP, GLD)

The dollar is breaking out a little here, and a result, stocks, commodities and other risky assets are sharply plunging. Stocks are modestly higher, but nowhere near where they started the session. The

was last at 76.86, the highest it's been in some time. Gold is down sharply today, down over $20 an ounce. Watch this trend throughout the day to see if it continues. Benzinga recommends you look at the dollar ETF

, as well as the SPDR Gold ETF

.