Dollar Strength összefoglaló MS-től
"- for every percentage point increase on a year-on-year basis it’s approximately a 0.5x hit to EPS growth. At today’s 16% year-on-year level, that translates into an 8% headwind for S&P 500 EPS growth, all else equal
- things can change quickly, but it doesn’t seem likely until M2 growth stops slowing, which will require a Fed pivot
- the recent rally in stocks is likely to fizzle out before too long"
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