Last Thursday, the UK held a referendum on its membership of the European Union. The options were quite simple: : What wasn’t so simple were the ramifications of a possible Brexit win. Even I, who hoped in part for a Brexit, expected the status quo to prevail. My desire to see the leave campaign win was … More Brexit: To Be or Not To Be
This post is inspired in part by Josh Brown (@ReformedBroker), CEO of Ritholtz Wealth Management. On his website this morning, he reprinted a tweetstorm regarding Glass-Steagall, when it started, when it was repealed and how the US has fared since then. In this case, I am reprinting a conversation held with a couple of other Twitter users, regarding the … More Thoughts on USD Index
We are entering a period of uncertainty for US Dollar bulls. Logic dictates that if rest of world equity markets continue to reflect weakness, reflecting structural issues and existential threats, the USD should rally hard in response. This is not happening, yet. In fact, the Euro gained ground against the USD today, despite the “leave” … More $USD Bulls Losing Their Horns?