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US exceptionalism isn't over
Foreign flows into Treasuries and US stocks roared back in May
After small outflows in April
Suggests fall in $USD occurred on narrow liquidity
Markets still believe in US outperformance
@robin_j_brooks
…
#OOTT
23.7. klo 20.51
US exceptionalism isn't over. It's the opposite. Foreign flows into Treasuries and US stocks roared back in May after small outflows in April. This suggests the fall in the Dollar happened on narrow liquidity. Markets still believe in US outperformance...
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