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Debating The Dollar
What's wrong with the dollar?
Notwithstanding a nascent bounce that finds the DXY pushing back abov
” . . . and even if they could, wouldn’t be especially excited about ‘shooting themselves in the face by selling USTs to their own’ detriment, particularly given the ‘ongoing lack of liquidity’ and a dearth of ‘truly viable alternatives.’ ”
That.
From my perspective as a foreign asset manager, precisely this:
“While grand narratives — i.e., the melodrama I Ialluded to above — are important, it’s best in the near-term, McElligott wrote, to simply “follow the money flows and fund allocations.”
I cut exposure to the US market in selective sectors immediately post the election, increased cash and upped buying into other geographies.
This is not me boasting, merely anecdotally confirming McElligot’s statement.