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🦧 is usd the obvious trade now?
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🇺🇸 will usd continue to rally?
the jackson hole symposium is held this week, where fed chair jerome powell is expected to speak on Friday
this is an annual event in which central bankers, finance ministers, academics, and leading market players gather to discuss global economic issues
but obviously, we mostly care only about what fed chair jerome powell has to say in his speech on friday
yeah, inflation sucks, rates will rise, but how can i profit from it? UUP 0.00%↑ is a great, easy vehicle for any retail investor to benefit from the strengthening dollar
the us dollar has been strengthening against pretty much almost all currencies
i.e. at the start of this year, one euro could buy around $1.13 but now only has the power to buy $0.99, hence the strengthening dollar
this has many reasons, but here are the top three
the dollar has always been the safe haven asset of all currencies, and russia-ukraine isn’t going away anytime soon, so investors look to move assets to “feel safer”
the dollar rally isn’t over yet
fed will continue to aggressively raise rates – we’re nowhere close to the end of rate hikes
china will likely continue to show worse-than-expected economic trajectory, while the us will likely recover faster and will experience a relatively shorter recession
substack, my newsletter distributor, was for some reason down yesterday, so i couldn’t get an email out to y’all yesterday :(
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