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Joseph Wang, macro analyst and blogger at Fed Guy, observes that foreign investors made a strong return to U.S. equities in April.
He suggests that access to the U.S. market acts as a significant, and often underrated, support for the dollar, describing it as the entry ticket to what he calls the world’s greatest casino.
Wang previously addressed energy market trends, noting that falling oil prices may allow the Federal Reserve to overlook energy-driven inflation. His recent analyses follow a series of comments on macroeconomic developments. Wang continues to monitor how shifts in global asset flows and commodities influence U.S. policy and markets.