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USD Weakness: Steady As She Goes
Equities keep roaring ahead, with the calls made to keep buying the S&P 500 on weakness coming to fruition. However, the tech-centric Nasdaq has been the superstar with an impressive 4%+ run. The USD vulnerabilities keep flaring up left and right as the Goldilocks scenario for sellers stays the course, that is, improved risk sentiment combined with an insane amount of USD in circulation courtesy of the unprecedented Fed policies to stem the economic fallout. To understand how rich we’ve come to trade in such a short period of time as the S&P 500 recovers past its 50% covid19-led retracement, one must be in tune ... (full story)