Macro Commentary: Structural Dollar Weakness and Its Impact on U.S. Equities

28 days ago

Julian Brigden

"In an environment where the dollar is falling, historically, U.S. growth stocks have been the worst place to be invested. The underlying reality is that a structural weakness in the dollar forces asset prices, especially in cyclical areas like mining or overseas markets, to perform better while tech heavy indices suffer."

Julian Brigden provides commentary on the consequences of a weakening U.S. dollar. He warns that while the weak dollar environment may boost non-U.S. equities and cyclical sectors, U.S. growth stocks, particularly tech names, are penalized. This insight offers investors a macro lens for rebalancing portfolios in anticipation of potential underperformance in U.S. tech due to currency headwinds.

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