With US stocks up sharply during the month of May despite the current setbacks, theory says there should be dollar selling to rebalance forex hedges. As I explain in this article, this is not an exact science but something to be aware of as we trade for month end tomorrow.
So don’t trade with your head stuck in the sand. Just be aware of month-end rebalancing.
US pending home sales hit a 4 year low today. One might think the inflation consideration is not as buoyant.
Purchased a penny stock (TELL) in the 40’s that won’t go bankrupt for those of us who dabble. (UROY) is another. Specializes in natural gas. Israeli firm. I like Israeli stocks since they are the anti-thesis of anarchism. Solid market share, common sense management.
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