The acceleration in the value of the dollar to its strongest in seven years seems on the one hand to reward that growth advantage, but on the other to take its toll on returns abroad for U.S. investors.
As many Americans know, there’s an unspoken rule that you should never discuss three topics at the Thanksgiving table: money, religion and politics. Initially innocent “discussions” on these subjects often devolve into contentious arguments and have ruined countless family gatherings across the country.
This week’s market action demonstrated the ability of some investors to endure pain. Others were pushed out of their equities and other elements of their portfolios by margin calls. After five days of losses, equity markets recovered substantially from Wednesday’s low.
The Q3 earnings season started this week, with some key U.S. companies reporting their latest figures. By the end of last week approximately 20% of the companies on the S&P 500 had reported results, so far, the news has been good.