Karim Rahemtulla, Co-Founder, Monument Traders Alliance Dear Reader, The stated goal of the U.S. government is to weaken the U.S. dollar in order to boost exports. It's not a bad policy. I saw firsthand on my recent trip to Europe, where everything cost about 10% more than it did last year. This also tracks the move in the dollar, which is down 10% versus the euro and British pound. For a few of our holdings, like Rolls Royce (RYCEY), this has meant an automatic 10% boost in U.S. dollar share prices since the shares are denominated in pounds. But there's another angle to the dollar weakness... The Crocs Play Today in The War Room, I recommended members jump into CROX using a spread I engineered. Ugly is back in style - not necessarily here in the U.S., but overseas. Here's what CROX reported on its latest earnings call... - North America revenues decreased 7.4% to $436 million
- International revenues increased 14.1% to $332 million (11.0% on a constant currency basis)
This is a powerful signal. U.S. dollar weakness is driving international sales higher, along with the fashion trend favoring their products. I expect this dynamic to strengthen this year and into next year. | 
0 Response to "♟ How I’m Playing the Dollar’s 10% Drop"
Post a Comment