New York CNN Business —The strong dollar has been a headwind for blue chip US companies in the Dow and S&P 500 this year.
And the Russell 2000, another index of mostly smaller companies, is down 25%, too.
Also, the dollar is so strong — the US Dollar Index, which tracks the greenback against the euro, pound, yen and several other currencies has soared 18% this year — it’s making foreign imports cheaper.
But real estate stocks have been slammed by worries about a housing and office real estate slowdown.
And multinational companies and foreign stocks will fare more poorly than smaller companies with little to no international exposure.