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Trader: Investors Know Where They’re Going, Just Not How To Get There
We've been talking a lot lately about the "seismic battle" between those who fall into the reflation camp and those who, like us, are inclined to believe that something is fundamentally broken in the narrative.
Lately, our camp is winning. Sorry, it just is. 10Y yields have been under enormous pressure, USDJPY wants to head lower and so does the broad dollar (a continuation of Q1's trend). As for stocks, well, they're the sacred cow, but if you look below the surface at the "Trump trades," cra
