The Dollar Story
It was happening again on Tuesday.
"It" means an unwelcome easing of financial conditions courtesy of a market predisposed to celebrating incremental evidence of peak inflation.
The knee-jerk reaction to a very soft (versus consensus) read on wholesale prices unleashed another simultaneous rally in stocks and bonds, and, crucially, more dollar weakness.
It's impossible to overstate the importance of the dollar story. The greenback was already on the back foot headed into the US PPI data, and
So with the market’s surge undermining the Fed’s goal, will data become increasingly irrelevant in Mr. Powell’s decision on size of rate hikes?
Where is the Ron Paul
Its Happening Memelink?Better yet, where is the Twin Peaks
Its happening againlink?7 Articles today H? Very nice. Much obliged.