Dollar Is In The Crosshairs As Europe Jumps US Ship

Authored by Simon White, Bloomberg macro strategist,

The euro and European stocks are poised to become the primary beneficiaries of equity capital leaving the US, while the dollar and the US market are exposed to further downside.

A market narrative is emerging of a multi-year trend of capital flowing out of the US and principally into Europe, with the data backing up the beginning of such a shift.