At the end of last year, many—including Mark Nash of Jupiter Asset Management—bet that the dollar would weaken as the Fed loosened its policy. And indeed, that scenario played out…
Day: September 26, 2023
The Birth of the “Fed put”
The effects of Long-Term Capital Management’s meltdown in 1998 are still being felt today, contends an article in The Wall Street Journal. When the fund, which had borrowed billions, collapsed,…