COBRA June Portfolio Update

The Fed’s tightening campaign, plus the global challenge of high inflation, are the two dominant factors driving currency markets. If the Fed sees inflation expectations remaining high, it will feel compelled to keep tightening. Jim sees rising odds of a Fed policy error because it is tightening into a weakening economy. Also, in regards to our two open positions, sky-high oil, gas, and electricity prices make the U.K. and Japan vulnerable to a downturn. For now, Dan gives guidance on these positions, including moving both to a hold.

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Jim Rickards’ Tactical Currency Profits

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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