Amid the Noise…

Amidst the din of every pitch man with an opinion on the markets (and these days everybody’s a genius with an opinion) the big picture barometer to global economic contraction moves forward. ‘Yeh but…’ say the pitch men, ‘the USA is fine.  You yourself have taken heat for calling the economy strong.  What’s your fancy macro chart got to say about that?’  This… Subscribe to … Continue reading Amid the Noise…

Hedging Euro Exposure

A subscriber just asked my thoughts on Euro exposure and how to hedge it.  As usual for me, simplest is best; short the Euro (or FXE) and long USD (RYSBX) after a USD correction. As part of response I also worked up a chart showing hedged vs. unhedged European equity funds along with USD.  HEDJ vs. EZU effectively neuters the currency differentials per the weekly … Continue reading Hedging Euro Exposure