Shhh the dollar is up...and shorts are at decade extremes

Fundamentally everybody we speak to remains a dollar bear. This trade has worked well ever since the Fed March panic and the long term logic remains intact. Despite all the new negative 2021 dollar notes we are reading, the green back has not continued lower. The DXY is basically trading at mid December levels. Note the DXY has traded perfectly inside the short term negative trend channel since the rotation started in November. We are actually seeing the DXY put in the biggest up candle in a whi