One (more) Reason to Expect the USD to Continue to Fall

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The USD is weak again today and plunging lows not seen for 15 months. The “obvious” reasons for the USD weakness include converging foreign economic activity, more hawkish foreign monetary policies, and a general overvaluation of USD. All of those reasons we outlined here. Yet, another less obvious catalyst for USD weakness is taking shape […]

Three Reasons to Expect a Stronger Euro in the Months to Come, and What it Means for Your Portfolio

With the euro up another 50bps today against the USD, we thought it timely to review some fundamental factors that should act to support the longer-term trend higher in the euro. No doubt, this week’s substantial move was partially instigated by what were viewed as hawkish remarks by the ECB. Yet, there are at least […]

JOLTed

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Today’s release of the Job Openings & Labor Turnover (JOLTs) revealed a few interesting observations about the US labor market. First, the pace of hires is fading. Keep in mind JOLTs data is released a month after employment data, so we are looking at April stats in the following charts. This fading in new hires […]

Three Geopolitical Shifts to Watch this Summer, a Q&A with Peter Zeihan: Part 2 – China, North Korea and Trump

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We met with Geopolitical Strategist Peter Zeihan for a quarterly update right before the French presidential elections. In addition to calling Macron’s win, Peter outlined the three most important geopolitical shifts for US financial advisors to watch in the coming months. In order of priority: What’s next for Brexit? This is important because the UK’s […]

Three Geopolitical Shifts to Watch this Summer, a Q&A with Peter Zeihan: Part 1 – Brexit, the EU and Trump

Europe Political

We met with Geopolitical Strategist Peter Zeihan for a quarterly update right before the French presidential elections. In addition to calling Macron’s win, Peter outlined the three most important geopolitical shifts for US financial advisors to watch in the coming months. In order of priority: What’s next for Brexit? This is important because the UK’s […]