- This may be good for the US in the long run, but short run it is a contraction in growth
- In the mean time Europe is starting to talk about spending more, removing debt limits in germany
- EU yields are increasing more than US, leading to increase in EUR
- Sentiment was extreme in USD bullishness, could be a top
- Money rotating from US to EU stocks
- There are likely to more interest rates that priced in in 2025