Today, Paul Gardner, CFA commented about whether NXR.UN-T, CAR.UN-T, SVI-T, TCN-T, SRU.UN-T, AP.UN-T, BNS-T, RY-T, TD-T, BMO-T, XRB-T, XSTP-T, NWH.UN-T, WIR.UN-T, BEI.UN-T, LNF-T, CM-T, MFC-T, ARE-T, HR.UN-T, GRT.UN-T, TLT-Q are stocks to buy or sell.
High USD. Incredibly tough for the global economy to manage, as there's so much EM and foreign debt issued in USD. It becomes harder for them to service that debt, which forces them to buy US dollars, and it becomes a vicious cycle. Fed's aggressive rate hikes underpin the whole thing with a high USD and is a negative for the global economy.