The Dollar And Oil (Updated)

The Dollar And Oil (Updated)

“Davidson” submits:


US$ has dropped past 2dys and the inverse to $WTI while not lock-step is prominent.

Fund Manager Profile: Kris Sidial Of Tail Risk Fund Ambrus Group

invest Southpoint CapitalA decade ago, no one talked about tail risk hedge funds, which were a minuscule niche of the market. However, today many large investors, including pension funds and other institutions, have mandates that require the inclusion of tail risk protection. In a recent interview with ValueWalk, Kris Sidial of tail risk fund Ambrus Group, a Read More

US$ is in part coupled to global capital returns and how safe/strong investors believe capital returns are likely to be. When the US protects Democratic institutions globally and the rule of law, the US$ falls as capital leaves ‘safe-haven’ US$ denominated assets for markets elsewhere.

Oil prices have been inversely tied to the US$ since 2003. The same inverse correlation appears to be in place today having been in/out of this correlation Nov 2016-most of 2017.

A falling US$ is a strong economic positive globally. A win-win for all.

Article by ValuePlays

Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.
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