C.O.B.R.A. February Portfolio Update
Currency traders have spent the past few months adjusting portfolios to prepare for a tighter Fed. It’s not clear whether rate hikes from the Fed will move the U.S. Dollar Index higher as Jim is closely watching central bank policies, plus the other factors that drive currencies. You’ll be the first to know when his view on any specific currency changes. For now, Dan gives guidance on the open currency positions in the portfolio, including moving two trades to holds.