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US Dollar Strength Could Stoke a Disruptive Growth Resurgence
Inflation is still here, but there are some indications that the reflation trade is encountering headwinds. Those factors and more could propel disruptive growth strategies back into the spotlight. Consider the following. Over the past month, the ARK Innovation ETF (NYSEArca: ARKK), the benchmark for disruptive growth exchange traded funds, is higher by 9%. That’s not a coincidence. Over the same period, the Invesco DB US Dollar Bullish (NYSEArca: UUP), which tracks the greenback against a group of major currencies, is up 2.48%. A stronger dollar often mutes inflation expectations – an important near-term point ... (full story)