Wednesday’s relief rally suggests the ‘Sell America’ trade is on pause. But is the worst really over?
The dollar and U.S. government debt have been at the center of the “Sell America” trade for weeks. That trade is taking a break for now, however, as investors and traders jumped back into long-term Treasurys and sent the greenback higher against major rivals on Wednesday.
The dollar and U.S. government debt have been at the center of the “Sell America” trade for weeks. That trade is taking a break for now, however, as investors and traders jumped back into long-term Treasurys and sent the greenback higher against major rivals on Wednesday.
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