One of the key investment themes of 2020 has been the rotation from a stronger US Dollar environment to a weaker dollar through mid-September. However, signs are emerging that the downtrend in the greenback may be nearing its end, which will have implications for equities through year end.
The two-year chart of the dollar beautifully illustrates the stronger Dollar environment through much of 2019, as regular pullbacks quickly resolve back to the upside.
If you consider the February to March period as a “dislocation period” where most assets were going through a major shift, you can then recognize how the first six months of 2020 have basically seen a general rotation from a stronger to weaker Dollar.
You can read more over at seeitmarket.com.
RR#6,
Dave
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