Latest from Goldmans, key takeaway is that they issue a new recommendation to go short NZDCAD on expectations of further Dollar strength (due to the hawkish FED) and the hawkish BoC, we agree with this new trade and in the current environment is similar to being short the S&P500, so essentially Goldmans desk is positioning for further downside in stocks on the hawkish FED forward guidance, makes sense to us, we will be watching for a possible entry
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