We have recently witnessed or are about to witness the implosion of a series of crowded trades namely long bitcoin, long Index ETF's and short volatility. The most important crowded trade of all is the dollar carry trade and this has been in vogue since the early 1980's. However the dollar appears to have broken out of its long term down trend line in the last 8 years post the great recession of 2008 though reluctantly so. When the real up move in the dollar occurs which is imminent look for massive carry trade liquidation and a rout in risky assets such as stocks, commodities and emerging market currencies:
Verdence Capital Advisors LLC Purchases Shares of 6,823 Commercial Metals
(NYSE:CMC)
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Verdence Capital Advisors LLC purchased a new stake in Commercial Metals
(NYSE:CMC – Free Report) in the 4th quarter, according to the company in
its most ...
24 minutes ago
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