Singularity's  Instablog

Send Message
Igor Ojereliev is a portfolio manager at RGL Capital LLP
  • USD Is The Greatest Beneficiary Here 0 comments
    May 22, 2013 1:38 PM

    What have we learned from Bernanke today? There is no need to end QE because of market bubble. QE will end some time in the future as economy heals. This is clearly good for stocks, but eventual end of QE should temper their rise. This is probably not so good for bonds but as FED continues to buy this should temper their decline. However for USD this is close to best of everything. US economy is healing making USD assets more attractive and QE is coming to an end (some time) removing USD from "funding currency" status. So the trade here would be to buy $ vs other currencies and probably short gold as well.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Singularity's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.