As Trump’s Economic ‘Miracle’ Dies, Short Dollar Is En Vogue

I'm not sure if you noticed, but Donald Trump's economic "miracle" is dying on the vine. Mercifully (for the optimists anyway) we got a blockbuster payrolls report on Friday, but generally speaking, the data stateside has taken a turn for the worst. In fact, both Bloomberg surprise indexes are now negative for the first time since Trump's bizarre "American carnage" inauguration speech. (Bloomberg) Of course Trump's "miracle" was never all that "miraculous." For one thing, nobody ever sugges

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3 thoughts on “As Trump’s Economic ‘Miracle’ Dies, Short Dollar Is En Vogue”

That flash USDJPY crash matters. Do you remember the flash crash in spx futures on Bush mourning day? The narrative was low liquidity at open (holiday, globex). No matter what, spx futures kept going lower in the following weeks, meaning that those explanations were part of the story but not the whole story. In hindsight those prices were still good, even if they looked crazy on that day. It turned out to be a dip not to buy.
If they sell and don’t care of low liquidity it can be that the priority is to get out quick. These days we can’t be sure that flash crashes are simply fat finger errors.