I'd look into allocating a long term position in emerging market stocks here, it's quite possible the dollar topped for now, and this would be an optimal place to rejoin this yearly uptrend. Long term we can see
EEM climb up over $100 easily, and it might be a safe place to keep some exposure to as a hedge for the dollar.
I also like Gold and Gold miners here, and would consider allocating some of the portfolio to them as well, together with positions in high growth exponential adoption trends like Bitcoin, EVs, Solar, Renewable energy, eto name a few.
Best of luck,
Ivan Labrie.
I also like Gold and Gold miners here, and would consider allocating some of the portfolio to them as well, together with positions in high growth exponential adoption trends like Bitcoin, EVs, Solar, Renewable energy, eto name a few.
Best of luck,
Ivan Labrie.
Note
The drop here is significant enough to be a bottom, after getting oversold in the monthly. I'd look into increasing exposure to EM gradually.Related publications
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.