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September 01, 2020 1:39pm
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Has the reflation trade become too crowded?

In light of last week's partial NASDAQ reversal, I had a number of discussions with readers about whether the reflation trade has become overly consensus and crowded. To be sure, bond prices have become wildly oversold while the cyclically sensitive copper/gold ratio has surged upward and appears extended.

Is the reflation trade, which is another shorthand for cyclical and value stocks, due for a reversal?
The full post can be found here.
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