Yes PT, some of those I subscribe to have given the same advice. The inflation trade may just keep going higher, but those in the know, the commercials have large long positions in the USD, so I'm not sure I'd want to bet against them and subscribe to the idea that the USD is going to crash just yet.
A retrace to the Daily 200 MA for all markets may be healthy, but with the reflation happening, I just don't know how we are going to see a devastating C wave down starting right now as BoB P is saying. Will it happen at all, or will there be another big bear burn leading to inflationary upside. Interesting few months ahead.
Thommo
Yes PT, some of those I subscribe to have given the same advice....
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