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NEW VIEW (@ 2020-08-21 05:14:51)
Weekend thoughts on the market (August 21st 2020): For better or for worse, 2020 remains very much a US dollar story, with the currency at first whipsawing markets back in March as DXY spiked to 102 during the dollar funding squeeze and as of today having come down to a 92 handle. Speaking of which, the stock market sell-off we saw in March gets compared to other historical shocks like the GFC in 2008, but in reality - and as I have remarked here a few times - it was really a dollar story.   (est. 2 minutes reading time)