A confluence of events has given new life to the shitbag dollar. We have treasury yields sprinting higher, the Fed talking rate hikes and better than expected GDP growth. Be careful for what you ask for, dollar bulls.
With the dollar gapping higher, it will hurt the earnings of our beloved multi-national corporations. However, there are other ways to profit from this new paradigm.
For example: Indian IT service companies. This sector has been killed, due to rupee strength versus the dollar. It was eating away at their gross margins. Off of a strong dollar, [[INFY]], [[CTSH]] and [[SAY]] should thrive.
The most obvious beneficiary off of a strong dollar is Japan. They are a huge exporter and rely upon favorable exchange rates to bank coin. There are many ways to play Japan. I prefer, [[CAJ]], [[TM]], [[NMR]] and [[EWJ]].
In short, if the fucker exports to the U.S., they will benefit from a strong dollar, providing end user demand remains robust.
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