In a recession, we want to own consumer staples. In a weak-dollar scenario, we want to own U.S. companies that earn a substantial portion of their income overseas. One name accomplishes both.
We shall see as 2023 begins to unfold, with the movement of the dollar being a key factor for how various asset classes will move.
The Bank of Japan shocked world markets with a tweak of its super-easy monetary policy, pushing yen gains that are likely to be sustained in 2023.
The index is looking fragile. Also, let's check bonds, the buck, volatility and new highs.
When positions get too one-sided, they can snap back in the opposite way -- but that may not mean there is a change in trend.
The hint of easing inflation has produced a spike in Asia's most-battered market, with a tweak of China's Covid quarantine rules thrown in for good measure.
The likelihood that big-name celebrities and investment firms will suffer significant losses due to FTX's troubles illustrates why it's always best to do your own due diligence before investing.
Let's look at the Dollar Index, the emerging markets exchange-traded fund and the bout of volatility.
The tradable bottom of October 13 stands firm for now. At least until Jay and the gang re-emerge from their caves.
This is a very unusual divergence and is likely to be a very messy and volatile process.