
This week, as hard commodities came under early pressure, participants may have asked themselves: 1. Is the rally over in oil, copper and precious metals; 2. Was it just a dead cat bounce – or, 3. Has the tide truly turned and a new uptrend just begun?
The same could be said with trends in yields and the euro – and conversely, in the US dollar index which bounced sharply through Wednesday’s close.
Generally speaking, these assets have trended from….
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