| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
RBC: “We Are Seeing A Complete Breakdown In The Model”
zerohedge.com / by Tyler Durden / Mar 21, 2017 1:30 PM
On Jan 11th, RBC’s head of cross asset strategy Charlie McElligott wrote of “THE SINGLE-LARGEST MACRO INPUT RISK TO THE BUYSIDE,” where he stated that the USD was the most important asset to the direct of the reflation trade and general macro positioning.
As he details today, long story short – the current (ongoing) breakdown in the USD is representative / driving some short-term and nascent deleveraging of legacy ‘reflation’ trades, with DXY through the psychological 100 level and the Bloomberg Dollar Index gapping to new YTD lows, through the 61.8% Fibo retracement level of the post-election rally:
DE-RISKING OF ‘REFLATION LONGS’ EVIDENT:
The post RBC: “We Are Seeing A Complete Breakdown In The Model” appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/03/21/rbc-we-are-seeing-a-complete-breakdown-in-the-model/
