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Dollar Smile Theory Inventor Says Greenback May Decline Another 10-15%
Wednesday, April 5, 2023 - 4:29am | 413The inventor of the Dollar Smile Theory and CEO at Eurizon SLJ Capital, Stephen Jen, reportedly sees the greenback vulnerable to another 10% to 15% decline in the next year and a half as moderating inflation permits the Federal Reserve to reduce interest rates. What Happened: Jen and his colleague...
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Wall Street Banks Turn Negative on Emerging Markets
Tuesday, January 7, 2014 - 5:38pm | 486Emerging markets no longer provide some of the world's most compelling investment opportunities. According to several top-tier Wall Street research firms such as Goldman Sachs (NYSE: GS) and JPMorgan (NYSE: JPM), investors should put their money to work elsewhere. Goldman Sachs is forecasting...