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FX: Brace for More Volatility
This week should be a wake up call for all investors. The market disruption caused by retail traders swapping ideas over reddit and squeezing out major hedge funds is unprecedented but corrections after record highs in stocks are not. For the past year, equities barreled to new milestones on a monthly basis and as this trend continued, the risk of a correction grew. However, the vaccine kept investors and central bankers confident that a strong recovery is ahead. But when rallies are as extended as the ones we’ve seen last year in stocks, it rarely takes much to spook investors into taking profits. The sharp ... (full story)