Terranova is all about the hyperinflation trade......
"On Dollar Weakness"....
he was looking for the High energy reversal....
So... the interesting thing is when traders "Can't see"
when there is something they have been looking for and they have confirmation bias....
Like today with the dollar having a "little weakness" and them turning it into something it isn't
Where last year the dollar euro was 1.60 and now it is at 1.4050... and yes a move to 1.43 would be interesting... but that we have had a move from 1.42 to 1.40 and nobody noticed, and now a move from 1.41 to 1.4050 is "Weakness"....
My point is it is interesting when there is "Decoupling" of market Memes.... and by decoupling I mean Decouple from reality.
it's like the Bond weakness= market down as opposed to normal correlation market up=bond down.
Then today it's Selling bonds to buy stocks..... now bonds are being purchased and there is an uptick in the market....
Decoupling.....
but you never know which way we are decoupled from reality.
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