Not-so-bad news is the new good news

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Lower-than-expected inflation and the start of negotiations with China seemed to help stocks on Monday. But the dollar remained uncharacteristically weak. Today on the show, Rob Armstrong and Aiden Reiter ask if America is feeling good, or just relieved to be alive. Also they short gold and go long pope memes.

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You can email Robert Armstrong and Katie Martin at unhedged@ft.com.

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