Like the “Energizer Bunny,” the US Dollar just keeps on going, and going … (up).
Why you may be wondering?
As Hedgeye CEO Keith McCullough explains in the clip above, global economies continue to release terrible economic data, which puts the world in Quad 4 (growth and inflation slowing simultaneously). The U.S. dollar rises in that environment. Global currencies – like the Euro and the Pound – go down.
“If you’ve been bullish on the Euro and bearish on the dollar on whatever political thing that you’re thinking, that’s embarrassing,” McCullough says.
“That’s not learning lessons. That’s just getting your ass handed to you routinely for a year-and-a-half.”
Watch the full clip above for more.