The stock market is bleeding (lowest level since 2020) when the pound/sterling is down to record levels and dollar is up because a strong dollar = lower profits for lots of companies within indexes that are U.S. multinationals. This kind of dollar strength has historically led to economic havoc. Strap in and DCA + chill.
P.S. when we are in the red, we wear pink 💖❤️🔥
Spoiler alert: it’s complicated.
Last week, I started receiving emails from panicking SVB employees, wondering if— or when— their paychecks would start bouncing. They...
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