Is it time to sell out of MB’s long held view of a dollar-exposed industrials bull market? The magazine cover indicator suggests as much with the AFR coming to the party:
The most recent slide in the Australian dollar after months of trading in a two-cent range has wide repercussions for a number of stocks – boosting some, while weighing on others.
…”The year has seen a number of rotations; however the one constant has been the downward pressure on the currency,” Macquarie Wealth Management researchers said in a note to investors.
