Do I like exchange-traded funds (ETFs)? Based on how much I write about them, I’d say that’s a clear yes. But are they perfect as market-trackers? No way. And with the U.S. dollar showing signs of potential upside down markets, while ETFs might be a good vehicle to play it, that’s not where I’m going to chart the course. Case in point: Here’s the Invesco DB US Dollar Index Bullish Fund (UUP). It has been a reliable tracking device for the U.S. Dollar Index ($DXY), a trade-weighted basket of currencies, s ...

Fed Chair Jerome Powell is confronting an unprecedented institutional crisis, as the Department of Justice initiated a criminal investigation into his conduct regarding Federal Reserve headquarters renovations – a move that fundamentally challenges the central bank independence at a critical juncture in his tenure. Powell delivered a rare and direct public response through an unusual Sunday evening video statement, in which he characterized the probe as a pretext to coerce monetary policy decisions toward ...