JEPI - This Is Where We Are
- With US equity markets closed for Thanksgiving, the US dollar index (DXY) continues to hover around the $92 long-term support level this morning - its lowest point since May 2018.
- US stocks win the mania-pricing prize to be sure, but in fairness, equities globally have seen record-breaking inflows in November. This will continue so long as the dollar weakens/stock prices rise.
- Greed was the dominant investor sentiment a year ago, but mid-way through a pandemic and the worst recession since the 1930s, desperation and government handouts are driving aggressive capital bets today.
For further details see:
This Is Where We Are