Nowhere to Hide
April 29, 2022
April is the cruelest month, wrote TS Eliot. For investors, this month has certainly been difficult. Not surprisingly, there is debate about the best strategy for holding on to gains from the pandemic recovery while guarding against higher interest rates and a slowing economy. One positioning that has paid off: trusting in the US dollar. It climbed this week against all other major currencies to reach a twenty year high.