
Macro Tourist: This Is The Best Long Vol. Position Out There Right Now
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Today's short note is all about FX, Trump, and vol.
Think back t

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“In the last couple of decades, there have been only three times in which the JPMorgan Global FX Volatility Index fell below a value around 7.
Every single time, the dollar strengthened 10% or more soon after.”
How does this sync with Trump’s wanting the dollar weaker???