The U.S. dollar strengthened on Friday. This followed the selection of Kevin Warsh as the next Fed chair. The currency recovered from an earlier sharp decline. Analysts suggest the short-term selloff was overdone. Warsh is seen as a safe choice, unlikely to aggressively lower interest rates. This news boosted the dollar’s performance.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,