The decline in the dollar also helps American investors holding overseas stocks.
Three things have led Systelligence CEO Kevin Miller to begin shifting money at his fund-management firm to European stocks and away from U.S. stocks: The decline in the dollar, the underperformance of European equity markets this year compared with the U.S., and expected volatility heading into the November elections.
The WSJ U.S. Dollar Index BUXX, -0.14% is down 8.8% since its closing high on March 23.
Here’s a comparison of performance for the MSCI Europe Index (in U.S. dollars) and the S&P 500 Index SPX, -0.01% in 2020 with dividends reinvested): Read more…..
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“There’s a huge difference between blind speculation and informed speculation,” the “Mad Money” host said.
