In today’s briefing:
- Overview #35 – You Can’t Always Get What You Want…
- US MARKETS: Foreigners Hedging Their Bets!
Overview #35 – You Can’t Always Get What You Want…
- A review of recent events/data impacting our investment themes and outlook
- The Precious metals and miners are potentially having blow-off moves
- Strategic Metals and Minerals get another boost from the Trump administration
US MARKETS: Foreigners Hedging Their Bets!
- Foreigners are increasing their hedges on dollar exposure to their US equity positions at a rapid pace this year. This selling will continue to pressure the US dollar.
- Foreigners exited a record net $2 trillion in US assets during the first quarter of this year. This reversal put further pressure on the dollar this year.
- Foreign investors are maintaining exposure to AI through Mag-7 investments but believe that U.S. exceptionalism will fade and the dollar will continue to weaken.
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