Opinions Brian Acker, CA
US DollarUSDTOP PICKNov 03, 2022
Important to look at the currencies you have in your investment account. For the last decade, he's been specifically recommending US stocks for this very reason. Massive deflation in the US. Fed is stuck. We can't do 15% inflation, but it needs to be rolled back by jacking interest rates up. A crude stick, but they have to do what they can, especially in G7 countries. It's obvious we're going into a recession, and everyone's looking for the pivot. Until we get there, the USD will go higher.
Brian Acker, CAOwned
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COMMENT
USD outlook.
The CAD at 70 cents now is pretty cheap, with the fair value at 80 cents. It's undervalued. He thinks the CAD over 2-5 years should be closer to 80 cents. The Euro is slightly undervalued. Over the coming year, market anxiety will see a flight to safety to the USD, so the CAD to USD will move up or down a few cents from the current 70.
Larry Berman CFA, CMT, CTAUnknown
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