Dollar Strength Is Looking Like a New Normal: John Authers

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Today’s Points

• The dollar looks strong because:

1. The US already has an America First economy

• 2. Rates are moving in its favor

• 3. Rallying stock markets attract money into the dollar, and

• 4. A possible post-election trade war prompts selling of other currencies.

• So, until the election is over and the Fed has started cutting, expect continuing dollar strength

• ALSO: Read Warren Buffett’s latest letter to shareholders!

• To deal with the risk of a bubble, hold on to good long-term stocks and keep a pile of cash, ...