The last two weeks have seen speculators cover over $710 billion worth of Fed rate-hike bets – the biggest move in Eurodollar futures history as Trump concerns and Fed Minutes reignite lost faith in the ebullient future that sparked the creation of a record $3 trillion bet that The Fed will be right this time.
Macro data has done nothing but collapse since The Fed hiked rates in March…
This post was published at Zero Hedge on May 27, 2017.
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