Dollar-exposed industrials soar over market

Thursday, 5 March 2015

Another quick update today on one of MB’s consistent memes, the strength of non-resources, dollar-exposed industrial stocks in the equity market. From UBS:

That’s some very useful out-performance. UBS also notes a shift toward cyclicals in recent months:

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.