Luongo: “What we’re seeing now is a false move down in the dollar which will get everyone on the wrong side of the trade once it becomes clear Europe has no answers.”
The next wave of financial and political dislocation is about to hit us and Thursday’s rout was the wake-up call we all needed.
For now, it looks like the world is trying to get back to normal and the markets are reflecting that as well as the oceans of money the central banks have created.
This will weigh heavily on these stocks coming into the end of Q2 and could derail the longer-term rally in tech stocks.
This will put serious upward pressure on the Hong Kong dollar and all the HKMA can do is flood the system with money as demand for the currency rises.
Enter your username and password below