7.19.2024

Someone had a bad day at work today

Today, like yesterday, The Dow closed down. Mainly thanks to CrowdStrike which fell sharply after its worldwide IT disaster which received colossal media attention.

I'm not convinced that CrowdStrike and its employees agree with the phrase "there's no such thing as bad publicity". Regardless, they have managed to make almost every person on earth familiar with their brand and business. Not bad for a day's work.

The Swedish krona lost further value against the US dollar today. Unfortunately, I have no idea exactly what this weakening is due to. For some reason, the world's confidence in Sweden and the Swedish economy is weak.

So even though the DOW fell hard today, our portfolio did not lose significantly in value due to the weakening of the Swedish krona.

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