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3 Weeks Later, Goldman Thinks “Fuck It” Probably Still Best Way To Think About USD
A little over three weeks ago, Goldman had a simple message for clients: "about those 'top' long dollar trades... yeah, fuck it."
Of course they didn't put it that way. This was the headline:
As we noted at the time, there's a long history behind that reco and it's funny, but the larger point was that the move to "close" the trades came on the heels of an abysmal quarter for what, going into 2017, was the consensus trade.
Between Trump jawboning and doubts about the viability of the ref
