Dollar Will Move On From Trump Comments: 3-Minutes MLIV

• Trump's comments on a weaker dollar are not new and have 'almost no informational value', as the dollar is already in a structural downtrend.
• The analyst expresses nervousness about the 'unsustainable' pace of gains in many assets but finds the macro backdrop 'very supportive' for global investors.
• Despite short-term trading concerns, investors are advised not to panic, as there's no immediate reason to believe markets are 'over the skis'.
• The successful Japan 40-year bond auction is a positive, indicating stability and reducing immediate risk in the bond market.

The analyst dismisses President Trump's recent comments on a weaker dollar as having 'almost no informational value', noting the dollar's existing structural downtrend. While acknowledging a 'nervousness' about the unsustainable pace of market gains, he maintains a fundamentally supportive macro backdrop for global investors and advises against panic selling. The successful Japan 40-year bond auction is seen as a positive, easing immediate risk concerns in the bond market.