The most popular, and potentially most significant question of the economic quarter is the impact the rising U.S. dollar will have on U.S. corporate earnings, a new research report from Goldman Sachs says. And get ready, because we may be seeing the materialization of a currency fear in today’s falling stock prices.
As the Dow Jones Industrial Average headed dramatically lower today, down some 300 points near the close, declining revenue expectations brought on as a result of a stronger U.S. dollar could be the culprit.
As dollar strengthens, S&P 500 consensus estimate fall
In large part due to the strengthening dollar, third quarter consensus revenue estimates fell three percent recently,...
