The US dollar fell to a
three-month low on concerns about the negative impact of US
tariffs on the economy, with losses particularly stark
against the euro
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00:01 - 06/03/25
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The S&P
500 is now down over 6% from its peak on February 19, the
largest pullback since last August. This is the 30th
correction >5% off of a high since the March 2009 low
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Sitting the
market out and waiting for a "coast is clear" is a train
wreck of a strategy. By the time the coast is clear, many of
the best days and biggest gains will have already passed
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Copper is setup for deficits from this year through at least
2027, a bullish backdrop that could become much moreso
should we see China announce a more aggressive domestic
stimulus package during their NPC meetings, which start on
March 5th.
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Now there's
something you don't see every day! Hedge funds have been
selling off tech and communication services in size, with
the largest monthly sell so far in February that we've seen
since January of 2021. Goldman says it's one of the largest
such sells on record
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