Dollar Slides as Big Fed Hike Bets Fade: Markets Live

The video discusses the unexpected weakening of the dollar without a clear catalyst, possibly due to a positioning clear-out. It explores the pivot narrative's impact on market correlations, particularly between government bonds and equities. The video highlights the risk of correlation breakdown, especially if the Fed pivots before inflation is controlled, leading to potential market instability.

How does the text describe the relationship between the Fed's pivot and inflation?

What does the author suggest about the recent correlation trends in the market?