Tracking our dollar thesis…

In our latest annual message I made the case for a weaker-trending dollar this year partly based on the prospects for a rotation away from U.S. equities into non-U.S. equities; those found in the Eurozone in particular:

“European stocks are substantially cheaper than are U.S. stocks, and our view that a global recession is not in the 2019 cards suggests that there’s a decent chance that we’ll see a rotation from U.S. stocks to Eurozone stocks during the course of the year; a scenario that would be a net weakener of the dollar vs the Euro.”

While the year’s very young, and flows will indeed come and go throughout, so far we’re seeing just that in exchange traded funds (ETFs). Although, while the Eurozone has indeed seen a net $8 billion dollar swing in its favor versus the U.S., Asia has received the lion’s share of inflows thus far:

Here’s how the dollar index has fared year-to-date:


Which, despite the net ETF outflow, has been a positive for U.S. equities:



Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat