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TRND - A New Trading Year Brings A New Test For The USD And Overconfident Markets
Pacer Trendpilot Fund of Funds ETF
After closing below $92 in late November, the US dollar index is now fathoming its next test at the 88-89 level.
As extreme bullish equity sentiment and valuations suggest the COVID-19 pandemic and global recession are done and dusted, the reality is much less sanguine.
At this point, jubilance has been priced to such a degree that even best-case scenarios are likely to bring disappointing investment returns.