The Dollar's Impact On Sectors And The Overall Market [View article]
Fascinating article -- thank you Eddy. (I immediately went to your blog to check it out.)
I understand why consumer discretionary should be so leveraged to the ER -- a falling dollar implies a need for higher rates, which hits consumer discretionary spending particularly hard.
But why tech? An increasing proportion of tech is exported, and the interest rate leverage on tech investment can't be THAT great.
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Fascinating article -- thank you Eddy. (I immediately went to your blog to check it out.)
Jul 18 08:44 am
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All Comments by Frank Li »The Dollar's Impact On Sectors And The Overall Market [View article]
I understand why consumer discretionary should be so leveraged to the ER -- a falling dollar implies a need for higher rates, which hits consumer discretionary spending particularly hard.
But why tech? An increasing proportion of tech is exported, and the interest rate leverage on tech investment can't be THAT great.