“Last week, value outperformed growth. The U.S. Dollar was a key driver for this, as well as for gold and U.S. interest rates. The British Pound is recovering slightly amidst the U.K. interest rates and their bond market. Their government scrapped almost all planned tax cuts. The inflation numbers coming out of Europe will likely be ugly and since the Eurozone is a global trader, their goods and services are costing a lot more because of the U.S. Dollar,” says Kingsview Wealth Management’s Paul Nolte.
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17 Oct 2022
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