US Current Data Outperformance Being Ignored
Many investors have pondered how the market has been able to ignore what appeared to be a substantive change in the Fed’s stance. Whether a shift occurred is open to debate, but at the very least we believe markets should have responded to or priced
macro improvements. The dollar is one such vehicle to do so, and we believe there is potential for trades reflecting FX converging with fundamentals.
Read the full report: UBS