The Most Crowded Trade And The Possibility Of Great Disappointment Tomorrow

And Alphaville's man on the subcontinent may have to get out of the sun before he goes all "Do you like Kipling/I don't know I've never kippled".

From FT Alphaville:

If you can be short dollar when all men doubt you

You’ll certainly be… something. 

According to BofAML’s monthly asking questions of global fund managers extravaganza anyway. Its conclusion is the new “pain trade” is “short dollar”:

Rather predictable heading into the increasingly (supposed) nailed-on hike.

And an alternate view, from Citi, of December hike probability:...MORE