- The strong dollar has been a headwind for blue chip US companies .
- A surging greenback eats into the international profits of companies like Apple, Procter & Gamble, McDonald’s and Coca-Cola.
- Smaller US companies, which tend to have a more domestic focus, have not held up better during this time of dollar strength.
The S&P SmallCap 600 index has plunged 22% this year, only slightly less than the S&P 500’s 25% drop. And the Russell 2000, another index of mostly smaller companies, is down 25%,...
https://mfame.guru/an-unanticipated-victim-to-the-strengthening-dollar/