The Macro Unicorn

Hi everyone - this is Alf. I hope you're having a great day.
‘’There are decades where nothing happens; and there are weeks where decades happen’’ – Vladimir Lenin.
Markets were sleepwalking into April 2nd before we had a decent sell-off in US stock markets on Friday.
But the size of the YTD sell-off (a mere 5%) masks a very interesting pattern happening below the surface.
For the first time since the first half of 2008, we are observing a rare macro pattern – almost a unicorn.
The S&P 500 and the US Dollar are going down at the same time:
The chart at page 1 shows the 3-month rolling…