|UNKNOWN||NORTH AMERICAN - LARGE & ETFs||_N/A|
Educational Segment. The US$. The market changed dramatically after the Fed said the rates were to go up September and December both. The Euro is 57.6% of the US dollar index, so it matters what Europe does. The notion that currency doesn’t matter is wrong. It is the most important factor when investing. A rate hike will put downward pressure on commodities and upward pressure on the US$. He thinks we re-test the Brexit lows over the next couple of months.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc. http://www.etfcm.com