“Since mid-2014, just as many market participants were gearing up for a collapse in the dollar, a stronger dollar emerged. This has been a headwind for U.S. exports, commodity prices, and corporate revenue and earnings, and played a large role in Fed policy via the tighter monetary conditions caused by the stronger dollar. That headwind, which was running between 12-20% during 2015, has subsided substantially: In the first seven weeks of 2016, the dollar is up just 3% from the first quarter of 2015.”
-John J. Canally, Jr., CFA Chief Economic Strategist, LPL Financial
Check out the full article here: From Headwind to Tailwind?