Deflategate Part II – Discussions with Draghi

By now just about everyone in America is aware of Deflategate, or the alleged air pressure manipulation of footballs in NFL games played in the Boston area. Well, if I were writing a sequel today, it would have nothing to do with Tom Brady and the Patriots, but instead feature the play in the euro driven by the discussions of an influential central bank quarterback, Mario Draghi. Recently, hot air has had some serious implications for the euro/dollar trade and commodities as well, whether it has come from the ECB or the U.S. Fed. I would go so far as to say it has inappropriately inflated the dollar versus a deflated euro. As a result, I see long positions in the dollar using the PowerShares DB US Dollar Bullish (NYSE: UUP) extended and recommend their disposal. See Deflategate The Sequel here. Article interests PowerShares DB US Dollar Bullish (NYSE: UUP), PowerShares DB US Dollar Bearish (NYSE: UNP), CurrencyShares Euro (NYSE: FXE), SPDR Gold Trust (NYSE: GLD), iShares Silver Trust (NYSE: SLV), Caterpillar (NYSE: CAT), United States Oil (NYSE: USO).

Kaminis is long USO. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.