SE - U.S. QE never ended - they are using the yield on the bonds that are already on the balance sheet to buy more each month. The balance sheet is expanding whether ole' Ben admits it or not. I dont think the dollar is headed any higher. I could see a double top at .80 but this golden cross is a bear trap IMO
Of course I could be wrong and the dollar runs to the trend line but Im more inclined to think this was just a dead cat bounce.
They started with 30 billion a month and that should grow at an exponential clip as the balance sheet expands furthur. Since they are buying longer maturities it should drive the yeild on a 10 note to near zip.
I see no reason to be getting in and out of the market but that is just me. Im a buy and hold investor. Difference is I dont play much in extremely volatile investment vehicles like you.
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