Summer Surprise Is Not Over
If you do not change direction, you may end up where you are heading." --Lao Tzu
On July 31, I wrote an article entitled Emerging Market Currencies Continue Risk-On Trade, which made the case that the strength in overseas currencies relative to the PowerShares DB U.S. Dollar Index Bullish UUP was bullish, and indicative of an increase in risk-on sentiment. With stocks nearing four-year highs in the U.S., the "summer surprise" call of an end-of-the-world trade appears to be playing out. Now many are wondering how much longer "risk on" can remain....189 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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