Bad Moon Rising

I happen to know one volatility-averse currency trader whose entire strategy has been rendered useless in recent years and whose main play now essentially amounts to executing trades when he thinks it most likely that Donald Trump is sleeping.

Faced with Trump’s towering intellect, it’s as if the entire financial world has lost its mind, or just doesn’t know where to turn.

The mind boggles as the S&P 500 punches record highs, all the time pulling back and forward from the precipice, ...

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