Do You 'Sell America' on Fed Independence Risks?

Yields

NDX

RUT

Oil cautious up , short term, gpt inferred

inferred

Metals up , short term, interviewee explicit

explicit

USD down , short term, interviewee explicit

explicit

commodities up

Schroders 7.8
Asset Manager $800.00B
Remi Olu-Pitan 7.0

Do You 'Sell America' on Fed Independence Risks?

US equities; Dollar

dxy

it is quite difficult and challenging for the US dollar Fed independence risks create dollar weakness; dollar weakening reduces financial tightening and benefits other assets

1/12/2026 2:06:59 PM	medium term down	20 days later	-1.53%	+1.53%

metals

typically when the dollar weakens commodities as well, particularly precious metals Dollar weakness combined with geopolitical hedging supports precious metals

1/12/2026 2:06:59 PM	medium term up	20 days later	-3.02%	-3.02%

wti

Oil hasn't done well but at current levels, much negativity is priced in; positive on oil as part of commodities basket

Remi Olu-Pitan

Fed independence risks make international assets preferable; challenging environment for US dollar could weigh negatively on US equities for international investors.

Broadening growth environment with better earnings growth makes other markets interesting.
Asks if Fed independence conversation leads to weaker dollar and reasons to look at non-US assets.

Host
Remi Olu-Pitan

Yes, dollar weakening reduces financial tightening and creates positive dynamics for other asset classes including commodities.

Interesting stories in Japan and Europe; dollar weakness typically benefits other markets.
Asks about positive views on gold, silver, oil and what drives commodities basket.

Host
Remi Olu-Pitan

Three key drivers for commodities: better global growth, weaker US dollar (especially for precious metals), and geopolitical hedges.

Oil hasn't done well but at current levels, much negativity is priced in.

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