Welcome to stagflation America, where GDP slows and inflation erodes purchasing power. I'm fairly confident US will start to cut rates as the govt will be unable to service the national debt on short term maturities, even with Fed funds rate at 2.5%. This nonsense of borrowing to consume discretionary goods is going to end, and dollar denominated assets are going to implode. The bulk of the move will be seen in Q2/Q3 of 2019, as the US will have to comp the fully loaded base effects of Q2 & Q3 2018. Enjoy.
Trade closed manually
Closing this trade here. Will reopen the short at a better price.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.