Third-quarter earnings are coming, and this strategist has a currency trade to get you ready.
The latest round of corporate earnings is almost here, and early indications are less than promising: companies' earnings guidance has been more down than up.
Kathy Lien, managing director at BK Asset Management, is cautious. She told CNBC's Melissa Leethat currencies have been rallying less than stocks of late. "We all know the macroeconomic environment is pretty soft, so I would be shocked if we had a lot of earnings surprises to the upside."
But Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank, is less concerned in the near term. Stocks have rallied for about two months following previous rounds of quantitative easing, and since the latest QE move just came in mid-September, "we have about a month to go," she says.