U.K. jobless rate rises to 4.8 pct in Q3 2020, labor market likely to deteriorate further in months ahead
Chart of the Day: Crowded
Long-dollar is by far the most crowded trade according to this chart from Bank of America Merril Lynch. The recent selloff in the dollar is probably showing the danger in it.
While going long in the dollar is our long-term idea, in the short run it is likely to get hammered by monetary policy reversals across globe and uncertainties surrounding US politics.