Closing Bell Overtime: Stocks Break 2-Day Win Streak 10/5/22
Closing Bell
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Is the Dollar Sensitivities a Good Thing?
US stocks outperform non-US stocks in a strong dollar environment. Financials, utilities, REITs and consumer discretionary companies just simply don't have as inverse of a correlation between the earnings revision trends and the dollars that broader market does. Technology is actually middle of the pack in terms of earnings sensitivity. So it's probably not quite as hit as you might think.
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