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Mike O’Rourke, Chief Market Strategist, Jones Trading,

Alpha Exchange

CHAPTER

The Peg Breaks Are Amongst the Most Violent Events

When markets get compromised, it tends to create the conditions for for further deterioration. I think the peg breaks are amongst the most violent fal events. And in some ways, the b o j is continuing to try to enforce a peg here amidst global forces that are certainly not their way.

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