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What a falling US dollar means for stocks — sector by sector
A falling U.S. dollar is getting a lot of attention from stock-market investors, and according to the chart below from Wells Fargo Investment Institute, the focus isn’t misplaced. chart The chart sums up how the stock market and a variety of sectors have performed during past episodes of dollar weakness stretching back to 1988. As noted previously, the dollar’s long-term correlation with the S&P 500 SPX is somewhat negative, meaning that equities tend to rise as the dollar falls — though there are exceptions. Dollar weakness has generally been seen as a positive, in particular, for shares of companies, ... (full story)