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6/6/2023 - Where Is The Market Going Post-Debt Ceiling & Is Dollar’s Reserve Currency Status At Risk?
Phil, Mike, and Larry discuss what President Biden’s ending of the debt-ceiling crisis and Friday’s huge jobs report means for the market. They then address a Bloomberg article that says, around the world a backlash is brewing against the hegemony of the U.S. dollar. Bloomberg said many global leaders feel the dollar is being weaponized, in an effort to push America’s foreign-policy priorities — and punish those that oppose them — best seen in the financial pain the U.S. brought to Russia after the invasion of Ukraine.
Submit your questions to [email protected]
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.
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By Focused Wealth ManagementPhil, Mike, and Larry discuss what President Biden’s ending of the debt-ceiling crisis and Friday’s huge jobs report means for the market. They then address a Bloomberg article that says, around the world a backlash is brewing against the hegemony of the U.S. dollar. Bloomberg said many global leaders feel the dollar is being weaponized, in an effort to push America’s foreign-policy priorities — and punish those that oppose them — best seen in the financial pain the U.S. brought to Russia after the invasion of Ukraine.
Submit your questions to [email protected]
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.