• Visitors Now:
  • Total Visits:
  • Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

RBC: “We Are Seeing A Complete Breakdown In The Model”

Wednesday, March 22, 2017 0:00
% of readers think this story is Fact. Add your two cents.
0

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:

READ MORE

The post RBC: “We Are Seeing A Complete Breakdown In The Model” appeared first on Silver For The People.



Source:
Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Today's Top Stories

Most Recent Stories

Register

Newsletter

Email this story
Email this story
Share This Story:
Print this story
Email this story
Digg
Reddit
StumbleUpon
Share on Tumblr
GET ALERTS:

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.