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U.S. oil dips on renewed demand concerns and dollar tumbles after Goldman closes short USD RECO (SPY +1.5%). Biggest midday movers: Tesla, AMC Entertainment, Charles Schwab. Here is the current market situation from CNN Money North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. What Is Moving the Markets Here are the headlines moving the markets. Goldman Sachs Sees Large Oil Demand Rebound This Summer Goldman Sachs is still bullish on oil and anticipates s...

by Tyler Durden Monday, Apr 05, 2021 - 12:05 PM It may not be quite a "Thomas Stolper reco", but the dollar reaction to Goldman's announcement on Friday to close its long-running dollar short is certainly one that brings back a few memories of the infamous Kermit photo. In a Friday note from Goldman's Zach Pandl titled aptly " Tactical Retreat", the bank's chief FX strategist said that " after a choppy few months we are closing our recommended USD short trade, expressed vs a basket of G10 commodity currencies (AUD, CAD, NOK, & NZD)." While we doubt Goldman's trade reco was the catalyst, the B...