I will remain bearish on the U.S. dollar for the foreseeable future, as data prints continue to show stagflationary symptoms, as I've been trying to call since mid February. Without a (literal) real growth in GDP, we can't sustain this amount of inflation in the U.S. without the DXY hitting mid 80's by the middle of end of Q4; there's no way around this math. It's not clear how many more buying opportunities we’re going to get in Treasuries ahead of Jobless recession/depression reports, but post yesterday’s ADP disaster, we get claims this AM and the labor report tomorrow – no worries though, we have another tremendous “deal” coming that will ensure more Dollar Devaluation and economic stagflation.
