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“Caution Now Warranted”: One Bank Rethinks The Long Dollar Trade

The "most crowded trade of 2017" has had a rough go of it this year, recent strength notwithstanding. Long USD was one of the consensus trades going into the new year as everyone climbed aboard the reflation bandwagon which was being driven by a (bigly) positive correlation between rates, the dollar, and stocks...

heisenbergreport.com/2017/02/07/caution-.../