Citigroup's Cochinos Sees Two U.S. Dollars in Market

The video discusses political risk in Europe, focusing on CDS spreads and currency impacts. It highlights differences in risk perception between domestic and international markets, referencing events like Brexit and Trump's victory. The discussion shifts to dollar strength, market dynamics, and correlations, particularly between the euro and emerging markets. The impact of US tax policies on emerging markets is explored, with a focus on the border adjustment tax. Finally, currency pairing strategies and European economic indicators, such as inflation and PMI, are analyzed.

What is the significance of the correlation break mentioned in the text?

What are the implications of the European inflation print and PMI mentioned in the text?