Abandon the US dollar, but still embrace US stocks?
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Since April, the Nasdaq (blue line) and the US dollar (yellow line) have diverged, with the Nasdaq rising steadily while the dollar continues to depreciate. Regarding the question of whether the "American exceptionalism" has collapsed, the market's choice is to "continue to believe in US stocks, but hedge against the dollar"?
Since April, the Nasdaq (blue line) and the US dollar (yellow line) have diverged, with the Nasdaq rising steadily while the dollar continues to depreciate.
Regarding the question of whether the "American exceptionalism" has collapsed, the market's choice is to "continue to believe in US stocks, but hedge against the dollar"?
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