Part 5/9:
Transitioning to broader market insights, Pinkert discussed the dollar, noting a recent breakout but suggesting caution. While he predicted a rise toward 109, he hesitated to heavily invest at current levels. The conversation then shifted to the euro, where Pinkert anticipated potential weakness and advised watching for correcting movements before establishing long positions.
In terms of bond yields, he expressed concern about future moves and noted that a pullback in yields could provide buying opportunities, although he recognized that sustained higher rates are likely inevitable.