DXY - In Case You Were Wondering Where The Money Is Going - $DXY
The United States printed more money in the month of June 2020 than it has in the previous 200 years after its founding combined. The fed has been making asset purchases at a steady rate of about $120 billion per month. The value of the USD has been on a steady decline since mid March, and the markets have been on an absolute upward tear. It's almost dangerous at this point to hold cash and not have money invested in other assets besides USD. Your dollar is depreciating sitting in a bank.
One could make the case that the markets are currently overbought. While this sure seems like that is the current case given the monstrous run since March lows, we also have more money than ever in circulation thanks to our friends over at the Fed. We are also almost surely passing another stimulus bill sooner than later that will cause another large leg up in the market. Once vaccines start rolling out, we can also expect the market to jump on the good news speculation. While Covid cases are ramping up and the markets are overbought, we could definitely see a correction of the markets, but one thing is for sure, even if we get a correction, we already know with rates at historical lows and the money machine printing we're bound to climb out of it again.
Shoot us a like and follow and we'll be back with some updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
One could make the case that the markets are currently overbought. While this sure seems like that is the current case given the monstrous run since March lows, we also have more money than ever in circulation thanks to our friends over at the Fed. We are also almost surely passing another stimulus bill sooner than later that will cause another large leg up in the market. Once vaccines start rolling out, we can also expect the market to jump on the good news speculation. While Covid cases are ramping up and the markets are overbought, we could definitely see a correction of the markets, but one thing is for sure, even if we get a correction, we already know with rates at historical lows and the money machine printing we're bound to climb out of it again.
Shoot us a like and follow and we'll be back with some updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.