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This feels like a phase shift

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This feels like a phase shift

Edward Harrison
Jun 12, 2020
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This week I have been making the case for fading this market re-opening rally. I did not expect it to fall apart straight away. But yesterday we saw the first chinks in the armor. So let me tell you what I'm thinking now. This will be brief.

Yesterday was not necessarily the re-assertion of a major risk-off move. There was no new macro information drivin…

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