The Mighty Dollar

As most of you know, I like to use the media as a contrarian indicator. Normally by the time a theme has generated enough attention to grab the cover story of a major publication it is late in the game. This weekend’s The Economist magazine ran a beauty titled ‘The Almighty Dollar’ – right near its 20-year high.

Does this mean the dollar is going down? Who knows, but it certainly adds fuel to the fire for preferring less popular areas such as commodities, foreign stocks and U.S. multinationals that would benefit from such a decline.

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David Burgess