The Dollar
Dollar smile, man i rem that. Great job.
Ha Tnx.
Do you give any weight to the theory that flows were the source of US outperformance not the result?
No. Chicken and egg problem. Or more eloquently, reflexive feedback loops.
How are you thinking about the port/freight data, if at all?
Yes. It’ll matter when it matters.
1. Empty shelves
2. Price changes
3. Employment numbers.
Good article. I gained a lot from reading it! I don’t fully understand it, but I think it explains the position of the 'dollar' in different economic cycles very clearly.
Easy. Correction in stocks is being manifested in dollar valuation and flows. It’s not the end of the world like some people it is.
Dollar smile, man i rem that. Great job.
Ha Tnx.
Do you give any weight to the theory that flows were the source of US outperformance not the result?
No. Chicken and egg problem. Or more eloquently, reflexive feedback loops.
How are you thinking about the port/freight data, if at all?
Yes. It’ll matter when it matters.
1. Empty shelves
2. Price changes
3. Employment numbers.
Good article. I gained a lot from reading it! I don’t fully understand it, but I think it explains the position of the 'dollar' in different economic cycles very clearly.
Easy. Correction in stocks is being manifested in dollar valuation and flows. It’s not the end of the world like some people it is.