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Thursday, May 16, 2024

Joe Friday…The world and risk assets should benefit from a Euro rally!

Courtesy of Chris Kimble.

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Foreign markets (not U.S.) have struggled over the past 18 months, as the Euro has declined. 

The Euro has created a pattern that two-thirds of the time suggests a rally should take place. This pattern has taken place on a 8-year old support line.

Using history as a guide, investors need to be open minded, that a rally in the Euro often pulls up the value of risk assets.

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