COBRA July Portfolio Update
The Fed’s tightening campaign, plus the global challenge of high inflation, remain the two dominant factors driving currency markets. All eyes are on the Fed as its policy is restricting liquidity on Wall Street. The U.S. dollar has been rising sharply, acting like a wrecking ball. You’ll be the first to know once Jim sees a shift that’s powerful enough to impact the currency markets. For now, Dan gives guidance on the open positions in the portfolio, including moving two from a buy to a hold.