The strength of the dollar against all major currencies, confirmed by the weakness in gold and most commodities, is very good news for the US economy and financial markets.
Why? It means international investors are buying dollars to invest in US assets because they have confidence our economy will grow and generate wealth.
The implication of the strong dollar, if you believe it will continue, is that strategies that worked until a few weeks ago need to be changed.
More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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