OT: Currency stuff

METAR is where one should go for macroeconomic news, but since there are some here who may not be LTBAH on their portfolios, I figure I’d bring the following to your attention, for what it’s worth:

The US dollar index has just spiked .5% to the high for the past year: https://www.marketwatch.com/investing/index/dxy

Hold on to your pocketbook as this means the equity market is likely to get bopped in the nose - but you knew this already :slight_smile:

In the meantime, the budget deficit is at a high as is the trade imbalance and, while the Fed has held off a rate increase, that won’t last forever.

Global growth for 2019, as well as both US and Chinese growth has been dialed back.

Laissez le bon temps rouler :slight_smile:

Jeff
(Now back to your regular program)

4 Likes

You lost me on METAR and LTBAH. Don’t know what those are.

METAR is the Fool’s board titled “Macro Economics Trends & Risks”

LTBAH is “Long term buy & hold” (sort of the the philosophy of buying good stocks and holding them “forever” regardless of what the market does

Sorry for the abbreviations,

Jeff

1 Like

This is very OFF-TOPIC. LET’S CLOSE IT or respond to Jeff OFF-BOARD.

Thanks for your cooperation.

Saul

15 Likes