Money Strength?
For the first time in 20 years, the U.S. Dollar is nearly equal in value to the Euro. To some this may come as a shock. How could the dollar be strengthening compared to other currencies in the face of such elevated inflation in the U.S.?
This week's highlight article from First Trust provides a quick, easy to read analysis of the dollars surprising strength. The article explains the difference between absolute and relative dollar strength, how higher interest rates in the U.S. are driving dollar strength, and why the U.S. Dollar seems to be the cleanest dirty shirt in the laundry in the post-pandemic era.
Bear Markets = Big Opportunities
Bear markets are central to the volatile path that markets follow, and we should recall that over the long term, that path is up. The good years will ultimately outweigh the bad year. History has made clear that bear markets are opportunities for long-term investors.
What Else We're Reading
Legacy Trust Family Wealth Offices
4200 Marsh Landing Blvd, Suite 100
Jacksonville Beach, FL 32250
Office: (904) 280-9100
Fax: (904) 280-9109
Legacy Trust Family Wealth Offices of Jacksonville Beach, Florida, is a new type of financial services firm - an independent multi-family office - that brings all facets of your personal financial affairs under one roof, where they are coordinated for optimum efficiency and maximum performance.
Investment products are not FDIC insured, are not bank guaranteed, and may lose value.