1.U.S. Dollar Hitting Some Serious Technical Levels.
U.S. Dollar Sitting on 200day Moving Average Long Term Weekly Chart.
U.S. Dollar approaching uptrend line dating back to 2011
WSJ-
Shares in U.S. companies with more than half their revenue from outside the country rose by an average of 13%, identical to the gain on MSCI’s (dollar-denominated) index of developed markets excluding the U.S. S&P stocks with less than half their income from abroad gained only 5.9%, according to analysis of FactSet data.
The pattern is even clearer when the market is sliced into five segments from those most exposed to foreign revenues to those least exposed. The most-international fifth of stocks have gained 15% on average this year, while the least-international are up just 2%
https://www.wsj.com/articles/watch-out-the-weak-dollar-gives-shareholders-money-illusion-1504195376
