a short lived pop is very possible perhaps.....seems the recent sell off could be attributed the 1/4-1/2 pt cut being baked in later on this week....so yes, we could easily see a lil pop....BUT, even so, I still think the greenback will continue to falter as we move into Q1 & very possibly into Q2. We still have pain to come....both equities & dollar.
Thus my 2 cent call would be....short the dollar on any significant reverse mojo pop to the north on a rate cut.....wooops...did I say mojo there? :0
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.