Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
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#Strong Dollar: A U.S. Dollar Index +7% off its YTD lows has already inflicted some major pain in consensus macro views that were observably long of things like commodities and emerging market financial assets heading into Q2. Moreover, our proprietary GIP-modeling process for all of the world’s major economies signals that the global trend of decelerating growth is just getting started – an outcome that is likely to increasingly drive inflows into dollar-denominated assets. During today's Quarterly Macro Themes presentation we will dig into the wide-reaching implications of further USD strength that investors can’t afford to miss, from emerging market USD-denominated credit risk to corporate profit deterioration. |
