11.25.24 "Waterloo" The Dollar Rises, Rate Change Coming 

-----------------------

Bye, Bye

At Waterloo, Napoleon did surrender

Old Joe’s IRA met its destiny in quite a similar way.

Biden’s Waterloo is trying to spend the excessive IRA. The significant rise in the Dollar confirms international investors approve of the policy direction of the incoming team. Additionally, global economic weakness keeps the lid on inflation expectations.

Despite the concern over Ukraine and tensions in the Middle East, relative stability in Gold and Oil markets suggests risk-on investing. Expect a sizable rate change as the year ends and pockets of illiquidity occur.

Wo, Joe Biden’s Waterloo. Finally, facing his Waterloo.      

----------------------

Song: Waterloo (1974) ABBA  

https://www.youtube.com/watch?v=Sj_9CiNkkn4