The USD has lost 9% of its value in 3 months. Inflation still remains hot at +2.4% annually. SPX is down -8.5% YTD
Say you’re sitting in all cash earning 4%. Between the depreciation of the currency and inflation you’re still down -7%.
The USD has lost 9% of its value in 3 months. Inflation still remains hot at +2.4% annually. SPX is down -8.5% YTD
Say you’re sitting in all cash earning 4%. Between the depreciation of the currency and inflation you’re still down -7%.