mark nash I thought the US dollar’s rise was over.
It’s late 2022, and his bet on bonds is federal reserveThe market plummeted due to the interest rate hike. So his fund at Jupiter Asset Management, like many others, was making a general bet on the next stage of the economic cycle. As the Fed’s tightening comes to an end, the rush of cash to raise interest rates will stop — and the U.S. currency will depreciate.