20 likes | 35 Views
The Dollar Index is up by 19% in the present year, whereas US stocks have plunged by 23%. 10% earnings headwind seen by Wilson to US companies from the dollar.<br>
E N D
Dollar Surge Tends to End in Crisis, Says Morgan Stanley The recent US dollar rally has created an untenable situation for risky assets, including stocks. In the past, the kind of dollar strength was found to lead to a kind of economic or financial crunch, per one of Wall Street’s most vocal bears. The chief US equity strategist, Michael Wilson of Morgan Stanley, while it is difficult to predict such kinds of events, some conditions are in place for just one, as he stated in a note, referring to the global financial crisis of 2008, like the sovereign debt crisis and conclusion of the tech stock bubble of 2000. The US Dollar Index was found to have surged by 19%, but US stocks have dropped by 23%.
You can read the full content: https://businessupside.com/2022/09/27/dollar-surge-tends-to-end- in-crisis-says-morgan-stanley/ ------------------------ Business Upside Email ID: support@businessupside.com Phone No.: +1-425-605-0775 Visit Us: https://www.businessupside.com/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/channel/UCuSkeS5oU- B2tRIBDYntmaw https://twitter.com/BusinessUpside1