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Trump Unveils 'Historic And Transformative' $600 Billion Saudi Deal, Predicts Markets Will 'Go a Lot Higher'
Coinbase Jumps 24% as Crypto Firm Set to Join S&P 500
The brief "springtime" for the dollar cannot withstand the long "bearish path"! Hedge funds warn that tariff policies will trigger a wave of dollar selling.
The founder of Exante Data believes that the recent rebound of the dollar is just a fleeting moment, and the long-lasting "dollar bear market" has only just begun, mainly due to a series of chaotic tariff policies aimed at Global trade introduced by the Trump administration to reshape the USA economy and trade.
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Trump, the "Master of Changing Faces", has investment banks "slapped in the face from both sides", and the report cannot be torn up in time.
After an important consensus was reached between China and the U.S. in the economic and trade field, JPMorgan's chief economist Feroli overnight "revised the report", raising the annual GDP growth forecast and lowering the probability of recession; Goldman Sachs' chief stock strategist David Kostin upgraded the S&P forecast value that was lowered last month; Wall Street veteran Ed Yardeni also raised the year-end target for the S&P from 6000 points to 6500 points.
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