I’ve updated my investment ideas page. (members click here). As always, this week’s write-up includes specific equity, ETN, and ETF analysis.
Here’s a sample from this week’s currencies section:
The US dollar bounce that started a few weeks ago, mostly vs the euro after Mario Draghi’s press conference when they announced a 50% cut in its QE purchases to begin in January, has flattened out. The euro definitely has its challenges, especially in light of the problems in Spain with the Catalonia region wanting its independence that resulted in Rajoy stepping in to rid Catalonia of its government. We also have the issue of policy divergence where the Fed is shrinking its balance sheet and will be still hiking rates while the ECB clings to NIRP and is still buying assets, albeit much less next year. I’ve been bullish on FXE for a while but has pulled back this week. Let’s stick with the $110 stop on it to lock in a profit if it gets there. I’m a secular bear on the dollar but have acknowledged over the past month the possibility of a contra trend bounce.
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Peter is the Chief Investment Officer at Bleakley Advisory Group and is a CNBC contributor. Each day The Boock Report provides summaries and commentary on the macro data and news that matter, with analysis of what it all means and how it fits together.