We had an extremely bad current account deficit number this morning.
A lot of us are looking at a move close to parity over the next few months. There's no indication that this move is done quite yet.
It's extremely bad and this is bearish for the U.S. dollar. This will definitely shift expectations more for a 4 percent Fed funds rate as the last hike we'll see as opposed to 4.25 percent.
Trade data is a little better ... but I think the dollar rally should be limited as the prospects for the trade deficit still aren't very good.
We're not that anxious in terms of punishing the dollar ahead of the meeting.
Life is so unlike theory.
(April 24, 1815 - December 06, 1882)
I would never predict a run like that. Last season, that's beyond reality. I think we can go 25-14. I think we can play 10 games over .500, even more than (that) over .500, and that would be a great run. Any time you go 30-15 or something like that, that's pretty incredible basketball.
Call on God, but row away from the rocks.
Hunter S. Thompson