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You would think the dollar would be stronger if the U.S. economy is starting to gain some traction, no? Then again, this from Paul Tudor Jones,
Friday last week was one of the greatest days that Paul Tudor Jones can remember in macro trading as economic data (jobs numbers) were very strong , yet bonds closed up. He asks how can anyone possibly think/predict that bonds would close up on that day? This just goes to show that what’s obvious in macro is usually wrong.
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Macro trading is about as difficult as I’ve ever seen it in my career.
– Paul Tudor Jones, quoting the late Jimmy Hendrix.
“What is the cause? Paul Tudor Jones says that central banks are the cause for this manic depression in markets.”

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