Still, you can hardly blame the market for thinking the yuan is headed lower.
Whenever these “smart” gurus are all leaning one way, it seldom pays to join them in their trade.
“Sure. Be my guest. But I warn you, it hasn’t been nice.”
What was Jay Powell’s real mistake?
“I can tell you one thing for sure – when all the pros are leaning one way, I wouldn’t want to be in their camp.”