- January 17, 2023
- Posted by: Stratford Team
- Category: Economy
US futures markets continued to move about despite the Martin Luther King Holiday.
Expect some immediate buying of stocks upon traders return on Tuesday. Europe had a strong session and market sentiment continues to see the glass half-full, despite it being almost empty on the economic fundamental front.
Gold has been capitalising on the idea that the US dollar will continue to weaken. As well as remaining the alternative reserve uncertainty hedge to the US dollar.
Given the US economy is in such a bad way, and only getting worse as we move through 2023, the question that must be asked is why be buying US dollars as a hedge and safe haven against all the global economic uncertainty? Particularly as most of the latest economic problems seem to be arising from within the US economy. Highly leveraged asset and property markets are unravelling as consumers continue to experience collapsing real wages.
The Euro and Australian dollar…
