by Mike ‘Mish’ Shedlock
In response to Tapering All Talk No Action, Expensive Valuations, Duration Risk reader David is wondering about the Euro.
David asks “Can anyone explain why the Euro is still rising in value against US dollar, nonstop? When this will end?”
Hi David, this was expected, at least at this end. Rather than play the Euro which I do not like for numerous reasons, I have been long the pound.
I went long the pound on October 7, after the pound’s big Brexit crash. Peter Atwater had this pertinent Tweet on sentiment about a month earlier.
I believe that “like” was mine.