Dollar Dump
De-Dollarization Trend Remains Intact
Global de-dollarization resumed in the second quarter according to data recently released by the International Monetary Fund (IMF). While the dollar share of global reserves increased in the first quarter of 2020, it fell sharply in Q2, resuming a more than two-year trend downward. The share of euros making up global reserves rose slightly and the share of yen…
Read MoreStocks Suffer Longest-Losing Streak In Over A Year As Dollar Dump Continues
Stocks are down for the 3rd week in a row – yeah we know!!! – leaving levered-call-buying RH’ers facing something they likely haven’t seen in their trading careers (this is the longest losing streak since August 2019)… The Dow ended the week almost perfectly unchanged. This leaves The Dow down over 3% YTD and the S&P…
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