Should You Hedge Currency Risk? The Dollar, Yen, and Rupee in a Shifting Global Order

**SPEAKER_1** (0:01)
This is Invest Talk from KPP Financial, helping investors make sense of the markets one day at a time. Here's your host, Justin Klein.

**Justin Klein** (0:16)
Good afternoon, fellow investors. Welcome back to another edition of Invest Talk. This is our Friday, June 26th, 2026 edition. Happy Friday to everyone out there, and it's an interesting day in markets to close the week. So a lot to unpack. I am ready for all of it. Whatever is on your mind, reach out with your questions during our four to five live hour or after hours. It does not matter. We want to hear from you. We want to know what's on your mind, and that's the best way we can help you become a better investor. That's what each episode of Invest Talk is about. Bringing your feet back on the ground, keeping your head out of the clouds, focusing on what matters, focusing on the reality as opposed to the hype. We're not your hype machine. I'm not Kramer. I'm not going to bang any bells and whistles. It's not what this show is about. The show is about the hard realities of the economy, of certain sectors, of what it takes to be a smart and consistent investor.
That's what this show is about. It's not about being stuck to some sort of preconceived notion of how the world is. It's very important to be open-minded, be flexible, be grounded in what is easily observable in markets, and where sentiment can drive you in the wrong direction. When you get caught up in that hype and you aren't focusing on what matters, you make big mistakes. So, investing consistently over time is about capitalizing opportunities, but also avoiding major pitfalls, and it's very easy to fall into that.
So, we're here to guide you, develop with over 25 years of investment experience. I've been doing this for a long time now. I'm here to give you both sides of the coin, help you understand the risks and rewards that are facing you, risks and rewards that are facing you in markets right now.
Now, just heads up, in less than a week, actually this coming week, Tuesday, June 30th, we'll be hosting our next Wealth Webinar from 12 to 1 p.m. Pacific Time, titled Beyond the Yield, How to Invest for Your Income Needs. Just four days away, but it is free to register, but you must head over to investtalk.com. Now, in just a bit, we'll talk about today's Mark Performance and run down the show topics for the hour, but as usual, we'll tackle this first caller question now.

**SPEAKER_3** (3:01)
Hey, Justin, Luke, I have a question on Apple. It just had a recent drop today, and I was just wondering what you guys thought about it. I know it's not a big AA player right now, and I don't know if that's a good or a bad thing for them. You know, we'll see how that can play out. So I just wanted to know what you guys thought about the price right now. Thank you.

**Justin Klein** (3:22)
I actually like that it's not a big AI player because there's a huge risk in what a lot of these hyperscalers are doing. History says that most of them will probably miss the mark. They'll have misallocations of capital, overspend in the wrong direction, maybe they'll lag behind in their end product. Whatever it is, history says there's some trouble ahead for many of them. Maybe not all of them, but many of them. Apple historically has taken the other route.
It's not just about AI, it's about a lot of different areas of technology in their business.
They tend to be slow to the game. Why? Because they want to get it right. They'd rather be launching something later that makes sense, that has been vetted, then rush to put something out that their user base becomes disenchanted with. It's really all about their brand and the iOS and iPhone ecosystem. So, historically, we like Apple, it's good business. Right now, though, and you saw that yesterday, it was Tim Cook announced that they're raising prices on MacBooks, iPads, all different types of products, which will hurt demand. And that's because of the higher input costs of memory and chips and everything that is now moving, that capacity tends to move towards being put into AI data centers.
I think long-term, a lot of AI compute will happen on the edge, meaning on-device, and less where it has to go out to the data center for this compute. And Apple is well-suited with their M-series chips to, I think, be a big player there. So, we're looking for a place to gain entry into Apple. We like Apple. And that will continue to buy it on market pullbacks. Thanks for the call.