00:00 Julie
The president coming out and making comments that were read by the market as, um allowing for continued dollar weakness, right?
00:07 Julie
And so, um as an equity strategist, I was curious just sort of high level how you think about the dollar and whether the weaker dollar um is good uh for good or bad for corporate earnings overall, right? Because you’re talking about earnings on the one hand, but you’re also talking about demand for US assets. So on balance, is it a good or a bad thing?
00:33 Binky
Uh, I I’d say it’s neither a good or a bad thing. Obviously, you know, there is an impact on US earnings and a lower dollar is positive for uh US earnings from a translation point of view. Uh, but but I would say that’s sort of a low quality boost to uh S&P 500 earnings. It doesn’t give you, you know, volumes or operating leverage or anything…
