, which is trading around two year lows. The greenback has dropped more than 6% over the past three months.
He sees it as a major negative wildcard for stocks because much of the last bull market was based on a strong dollar with low inflation. "A prolonged period of dollar weakness would bring that all into question, and certainly shift the leadership within the market to something much more pro-inflation oriented," he said. "It would certainly upset a lot of investors, and make their previous portfolios probably wrong for that new environment if the dollar were to continue to weaken.", Bernstein is particularly attracted to gold. It comprises about 8% of his firm's multi-asset portfolios.
"People think of gold as being a hedge against things like inflation. But I think they've missed gold historically has been a very good hedge against uncertainty," he added. "Now, it's got a little momentum tag to it."hit an all-time high of $1,941.90 on a nominal basis. But when adjusted for inflation, it was below the record level of $2,919.36 touched in January 1980.
"It's still worthwhile to have in a portfolio," Bernstein said. "The only thing that we know is certain over the next several year is that there's going to be more uncertainty."
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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This is not like the 90s tech mania because these companies have dependable profits, says SunTrustNew for subscribers: This is not like the 90s tech mania because these companies have dependable profits, says SunTrust Check out CNBCPro for a free trial. Pro utter utter vested interest charlatan permabullshit from them and shame on you for continually pushing this tripe Pro But their valuations are way out of whack relative to their profits. Pro oh okay
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Market indicators signaling 'investor greed is present and thus caution is warranted,' MKM saysNew for subscribers: Market indicators signaling 'investor greed is present and thus caution is warranted,' MKM says Check out CNBCPro for a free trial. Pro Pro No way. Donald Trump will keep this market in tact. Don’t bet against him Pro Don’t get in the way of the realDonaldTrump train. This baby is going up up up
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European stocks set to inch higher with U.S.-China tensions, China data in focusEuropean markets are set to open fractionally higher on Monday as investors continue to watch rising diplomatic tensions between the U.S. and China, while corporate earnings season gathers momentum. red index monday , sp500 dow jons , nasdaq
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