*U.S. EARNINGS SEASON KICKS INTO HIGH GEAR AS MEGACAP TECH STOCKS REPORT AMID HEADWINDS - 🇺🇸 🇺🇸
) Co and a slew of other companies will give investors a better picture of how businesses are holding up in the face of the strong dollar and soaring inflation.
“The rate of change on the dollar exhibits a strong negative correlation over time vs. S&P 500 earnings revisions. USD strength comes at an inopportune time for corporates already facing margin pressure and increasingly weaker demand,” Morgan Stanley’s analysts wrote. Still, some are betting that signs of a peak in the dollar’s rally could balance out some of the damage caused by the burgeoning greenback.
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