Updates
Our readers shouldn’t be surprised by the recent moves: equities were (and still are) overvalued by 30-50%, the euro is still overvalued, and our metals have held up OK (gold and silver have done better for us than platinum and palladium). What is a bit surprising is the incredible strength in the yen and treasuries. I believe this is only temporary as investors rush out of euro-denominated assets. While it’s a little too early to add to our short yen and short treasury positions, I believe that the fundamentals continue to support them, with Japan being incredibly vulnerable once the unwinding of carry trades ends. So for now, we wait.
Last 5 posts by Yaron Sadan
- That sinking feeling - May 18th, 2012
- Opportunity on the horizon - May 18th, 2012
- Early can hurt - May 16th, 2012
- Diversify your Diversification - May 15th, 2012
- Losing Money Isn't a Crime - May 15th, 2012
Tags: Euro, gold, palladium, platinum, treasuries, USD, yen
Strategy/Allocation | Yaron Sadan | 
May 14, 2010 11:16 am
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