IEUS - Euro/Dollar Parity Is In The Cards

• The euro has been weakening since last summer, and we are about to experience another episode of conflicting central bank policies, where the Fed will be tightening monetary policy while the ECB will be lagging the Fed.
• Europe already has had to deal with a horrific price spike in natural gas, reaching the equivalent of $368 per barrel oil at the onset of the Ukrainian crisis. A similar price spike in Brent crude is not going over well for the EU economy.
• The 2022 lows for bitcoin are near $33K. The 2021 lows for bitcoin were just over $28K. I think the overwhelming odds are that the 2022 lows won’t hold, and we will retest the 2021 lows this summer.

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