One can probably put the time of death of the Trumpflation rally as 11:47pm on Monday night. That's when Trump himself said the dollar was already “too strong.” He blame this is in part due to China holding down its currency and added that “our companies can’t compete with them now because our currency is too strong. And it’s killing us.” The yuan is “dropping like a rock,” Mr. Trump said, dismissing recent Chinese actions to support it as done simply “because they don’t want us to get angry.” As the WSJ added, Trump broke with a recent tradition of presidents refraining from comments on the dollar’s level, and more ... (full story)