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The new hedge fund hotel is U.S. dollars (UUP), writes Josh Brown, noting BAML data showing...

The new hedge fund hotel is U.S. dollars (UUP), writes Josh Brown, noting BAML data showing large specs are net long $2.6B in the dollar index. It's near the level at which it can be called too crowded of a trade, says BAML.
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Comments (3)
  • Uncle Pie
    , contributor
    Comments (3141) | Send Message
     
    When it's high tide where you are, it's low tide somewhere else.
    19 Mar 2013, 10:03 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    U.S. equity index longs are a crowded trade given the run up since Nov 16. The dollar can strengthen to the levels it saw last April-July, hitting 84+ in July'12.
    19 Mar 2013, 12:08 PM Reply Like
  • Stephen Aniston
    , contributor
    Comments (2700) | Send Message
     
    The UUP has not even begun it's run yet. 82 is close to historical lows. This used to be 100-110 in the 90s.
    19 Mar 2013, 01:16 PM Reply Like
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