US Dollar

Will Next Year Be Another Good Year To Go Global?

Oct 13, 2025 4 min read paid

Go Global has outperformed Stay Home so far this year. Based on FTSE data, the US stock market index (up 11.8% ytd) has underperformed the World index (13.4%) so far this year in local currency (chart). Its underperformance has been worse in US dollar terms since the greenback has been weak this year. Among the outperformers this year, in local currency, have been South Korea (56.0%), Spain

Ed Yardeni
David Yardeni

Gold Is Shining More Brightly Than Ever Before

Sep 2, 2025 2 min read paid

We turned bullish on gold last year when the spot price of the shiny metal decisively rose above $2,000 per ounce (chart). We attributed this new bull market in gold to Russia's invasion of Ukraine in February 2022. In response, the United States and its allies froze the international reserves of Russia's central bank. That convinced the central banks of countries with autocratic governments, which

Ed Yardeni

Foreign Investors Aren't Following The Dollar-Is-Bad Script

Aug 19, 2025 2 min read paid

By most accounts, almost everyone is bearish on the dollar. Nearly everyone is selling dollars to buy euros and gold, according to this widely held view. Global investors are rebalancing their equity portfolios out of US stocks into European stocks. The only problem with this narrative is that the monthly capital flows data collected by the Treasury International Capital System (TICS), which was updated on Friday, show that US foreign

Ed Yardeni

In Defense of the US Dollar

Aug 14, 2025 3 min read

Like the late comedian Rodney Dangerfield, the dollar has been getting "no respect" recently. A few officials of the Trump administration want to see a weaker dollar. America's adversaries would like to replace it as a key currency. Doomsayers predict a major dollar crisis in response to the huge US trade and federal government deficits. We remain constructive on the dollar for the following reasons: (1)

Ed Yardeni

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Will Next Year Be Another Good Year To Go Global?

Gold Is Shining More Brightly Than Ever Before

Foreign Investors Aren't Following The Dollar-Is-Bad Script

In Defense of the US Dollar