Dollar Pounding Continues Unabated

Tyler Durden of Zero Hedge

The DXY continues to tunnel deep inside 200 DMA territory, with equity momo day traders and overcaffeinated hi fi program traders taking a cue from the 2005 playbook and buying up equities, making even more impromptu follow on offerings not a question of if but when. Then again, nobody said bizarro market is over, and in this upside-down world dilution is a good thing.

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