This is incredible:
A net 31% of institutional investors are underweight the US Dollar, the most in 20 years, per Bank of America.
This has declined by ~52 percentage points over the last 5 months.
Furthermore, asset managers and leveraged funds' net positioning on the US Dollar has fallen to near its lowest in 3 years.
As a result, the US Dollar index has declined 9% year-to-date, marking its worst performance this century.
This puts the US Dollar now on track for its biggest drop in the first half of the year since 1986.
The US Dollar is historically unpopular right now.
@Mon4Kooyong@michellegrattan History suggests that COVID will disappear as has every other human pandemic in history. Unless you are saying we have evolved to a level of special.
@thatreviewplace@MarcTennant@CycleJunkie88 Most people have in hospital with COVID are there for other reasons. That is a fact. Just because they die with COVID does not mean that was the primary cause.