Market sentiment is see-sawing wildly at the moment and USD trajectory is looking for direction. Worsening macro factors could undermine poz and give RVR a kick in the belly.
One can admire the quality and consistency of RVR fundamentals (and I do) but don’t believe anyone who tells you global macros aren’t extremely dangerous and unpredictable atm
I personally feel we’ll see RVR in the 33-35 range within the next several weeks. A good time for the non-holding bulls to execute an opportunistic reentry!
RVR Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
