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September 01, 2020 10:18am
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Broken Trends: How the world changed

The world is changing, but it changed even before Trump's COVID-19 news.


In the past few weeks, a couple of key macro trends have reversed themselves. The US Dollar, which large speculators had accumulated a crowded short position, stopped falling and began to turn up. In addition, inflation expectations, as measured by the 5x5 year forward, stopped rising and pulled back.


These developments have important implications for investors.

The full post can be found here.


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