We believe that the recent dollar strength, along with oil weakness, help explain last week’s new highs for US stocks.  The rising dollar – up 3% since the end of June – is a reflection of both the consistent growth in the US and the recent slowdown in growth overseas, in our view.  We have positioned RiverFront’s portfolios for a stronger dollar by hedging most of our yen exposure, as well as about half of euro exposure.  

David Fuller's view

Those are sensible moves and I think investors will find the rest of this issue interesting.   

Here is the full issue of The Weekly View.