Here we go again

Yesterday our portfolios lost a lot of value. A combination of a falling American stock market and a stronger Swedish krona affects every single holding. We had thoughts of selling off most of our holdings and hibernating in cash a while ago, but ultimately refrained.

Unemployment in America is expected to begin rising this summer, from today's 50-year low of about 3.5%, and peak above 4.5% in 2024.

The expectation that inflation in America would fall during February was not fulfilled, instead inflation rose, which will delay long-awaited interest rate cuts. Above all, it is worrying that core inflation in America continues to rise at an accelerated rate.

Add reduced Swedish inflation rates and an American presidential election and we have a perfect storm in our portfolios.