S&P500 Around the World
This article takes a look at how the S&P500 returns this year look in some other currencies.
US stock investors have done pretty well this year, but those gains take a hit or even turn in to losses when measured in some other currencies. The weak dollar has been a big part of positive US stock market returns to date this year. A Swedish investor holding US stocks? - not so much.
I also found a few US companies that generate less than half their revenues in the US. If the dollar keeps sliding, currency exchange should be a tailwind for those companies and others with significant ops outside the US.
Many thanks to fellow Fools who commented or rec'd my blogs on this subject - that pushed me to write the article.
Your thoughts? Anyone expect anything substantial from Chairman Bernanke's press conference later this week?