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Should stock market investors fear the wrath of King Dollar?
Savita Subramanian, equity and quant strategist with Bank of America Merrill Lynch, estimated in a Monday research note that U.S. dollar (DXY)*strength will ultimately shave 2.1 percentage points from sales growth for the S&P 500 index (SPX) the largest such drag since the fourth quarter of 2015. “The strong dollar is definitely a headwind,” Alec Young, managing director of global markets research at FTSE Russell told MarketWatch.
https://finance.yahoo.com/m/d33b7ac.../should-stock-market-investors.html?.tsrc=rss
Savita Subramanian, equity and quant strategist with Bank of America Merrill Lynch, estimated in a Monday research note that U.S. dollar (DXY)*strength will ultimately shave 2.1 percentage points from sales growth for the S&P 500 index (SPX) the largest such drag since the fourth quarter of 2015. “The strong dollar is definitely a headwind,” Alec Young, managing director of global markets research at FTSE Russell told MarketWatch.
https://finance.yahoo.com/m/d33b7ac.../should-stock-market-investors.html?.tsrc=rss
