
Here’s One Rally You Should Maybe Fade…
Is the dollar rally for real? Bloomberg's Mark Cudmore says probably not. Or if it is for real, it probably won't prove to be sustainable over the long run.
Remember, September was the first "green" month for the greenback since February and the bulls are pointing to tax cuts and a hawkish Fed to support their contention that this has legs.
But as BofAML wrote on Monday, "the tax plan is not even close to meeting the Byrd test, [and] has little chance of becoming a reality."
Meanwhile, altho