Investors are reluctant to abandon the broader higher for longer narrative despite the downside surprise in June’s payrolls data. CFTC positioning showed the largest dollar long in more than a decade ahead of the release, yet the subsequent dollar selloff was relatively modest.

Dan Suzuki, iCapital Global Investment Strategist reacts. 

Investors are reluctant to abandon the broader higher for longer narrative despite the downside surprise in June&rsquo;s payrolls data. CFTC positioning showed the largest dollar long in more than a decade ahead of the release, yet the subsequent dollar selloff was relatively modest.
Dan Suzuki, iCapital Global Investment Strategist reacts.&nbsp;

Listen for top interviews from Bloomberg News. 

Hear conversations with the biggest names in finance, politics, technology, foreign relations, sports and entertainment.

Listen for top interviews from Bloomberg News. Hear conversations with the biggest names in finance, politics, technology, foreign relations, sports and entertainment.

Listen to top interviews from Bloomberg News.

Bloomberg Talks

iCapital's Dan Suzuki Talks Fed Minutes

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3f4b703d-d28e-48cd-85fa-b48201041898/transcript