Monday, May 9, 2016

Dollar Rally Over?

I am seeing some cracks in the U.S. Dollar today. The slide may continue soon.

The selloff in the indices of the last few days is tepid, and I saw no sign of serious selling.
That could change with time of course but for now it doesn't appear to be worrisome.

Check your static lines, prepare to exit the aircraft.

The dollar will descend, emerging markets will rise, and banks will finally see some light at the end of the tunnel.

Is that clear?
Control risk,

1 comment:

  1. Looks like I am going to be wrong this time!


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