U.S. exports, which had been a moderate support on U.S. economic growth, turned to a drag on GDP, a Bridgewater Associates strategy document points out. This occurs as a strong dollar makes U.S. goods more expensive, but the Bridgewater document does not cite this as a major issue, saying the dollar rally seems to be having a “modest” impact on the drop in exports. Others disagree. Bridgewater: slowdown driven by capital goods exports, but exports to Japan, Europe remain strong The May 19 report, written by Bob Elliott and David Trinh, note that nearly all the slowdown in exports is…
Bridgewater Disagrees With Yellen Over Issue Of Strong Dollar
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.