Maybe Bloomberg talking heads could finally learn basic facts about FX? Number one reason for changes in cross-rates is capital flows, not "dovish grandpas and grannies". European money is coming back home, at least for now.

BACO.

Sad and pathetic.

#winning so much.

Wen USDHKD depeg, Kyle?

Still Valid. Probably even more so today.

Wen $-smile, frens?

This year Brazil's index is a no. 2 performer among major equity markets (China is number 1) but boy, how much upside is condensed in this one? Crazy.

He loves me, he loves me not, he loves me, not anymore.

You know nothing, John Snow.

Hey ZH, maybe define "tariffs are working" first? Collected tariff money amounts to 3-4% of total government spending and data is yet to show us who is "paying" for them (another vague concept).

All that CAPEX down the drain. More to come surely.

NEW Guest Interview with Cato The Censor: Why the U.S. and West Face a Soviet Union Style Collapse youtube.com/watch?v=6vGRLK…

Trump's tweet insulting Powell in 3... 2... 1...

Only positive employment readings are credible according to this news aggregator pretending to be a trader. Oh well, same old, same old...

😂😂And I believe in magic beans.

😂😂 You gotta love the "everything is great" push from ZH recently. It's not, frens. Also, wen $-smile?

Why would you "annualize" these? You obviously can not project these numbers in a linear fashion. So dumb...

😂😂😂 From "$-smile any minute now" to "falling dollar is great, I told you so". Pathetic.

To make it pedagogical, LLM is an autocomplete function that randomizes based on the statistical frequency: + Probability matching: if in the frequency space, the autocomplete is at 85% "take an umbrella" and 1/10^6 "have squid ink", it will do 85% of the time "take an umbrella".