The USD or Dollar got clobbered today. So people who were shorting the Dollar made money today.
Mike Green formally at Simplify sent out an email suggesting that long yield bonds would rally under this new policy and the way "flows" work it would re allocate capital to bonds and overtime lower long term bond yields and create an environment for rising asset prices which I think will happen.
He also suggested that morgage rates would come down and create an environmente for home sales.
I think he suggested this will create a rising prosperity for North Americans overtime but short term lead to lower inflation but longer term higher inflation so you will need to manage risk well.
I tend to agree with his judgment short term it fixes issues but over the long term it may lead to inflation, I dont know. Maybe the US Government will slash deficit spending and we can all hold hans and sing koombayah and retite wealthy.
Anyway, it all lead to a broadening rising share market and rising gold prices, and a much lower dollar, at least for now.
I hope this all leads to a reshoring of offshore production to North America and Mexico.
I believe thats what they the policy makers wish for.
I hope this boosts my small cap portfolio and I think it will.
If you have an FX account with leverage and you were positioned the right way you made a lot of money today.
.uch of my small caps were up 5% or more even the shares in the UK
Its a beautiful day here in Alamogordo.
I like walking in the desert near the market close of the day, which here is after 2pm.
Today I left a little early to get out before its to hot.
Hearing the nature in the desert is nice here. Seeing the mountains are nice too.
The Airforce Base is near here so I can always here the planes flying over head and reminds me we are still at war with Iran, and by proxie Russia and China.
Anyhow thats it for now, thanks for reading.
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