Barron's Streetwise
The Dollar Flexes Its Beach Muscles
Jul 5, 2024
Top strategists discuss currencies, national debt, international stocks, and the US election. They explore the impact of the weakening Japanese yen on US tourism, bond market insights, investment strategies influenced by political parties, and the global economic scenario. The discussion also covers the Dollar Smile Theory, current bond yields, and the positive prospects for investors despite certain poor-performing US government bond funds.
32:13
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Quick takeaways
- Investing in S&P 500 funds can yield high returns with growing companies like Nvidia and Amazon.
- The strong US dollar makes travel cheaper for US tourists and keeps inflation in check.
Deep dives
Investing in S&P 500 and Understanding Currency Impact
Putting money into an S&P 500 fund can lead to significant returns, especially with big companies like Nvidia, Meta platforms, Alphabet, and Amazon experiencing substantial growth. Additionally, investing in US assets indirectly involves a bet on the dollar, which has shown an uptrend this year against currencies like the euro, Swiss franc, and Japanese yen, indicating a positive currency influence on returns.
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