The Pain Of A Strong Dollar

Earnings season is upon us and companies seem to be falling line in blaming the strong dollar for earnings weakness. And while some argue that the strong dollar excuse is invalid, in reality the strong dollar is hurting most U.S. based companies. Companies in the S&P 500 have overseas sales that average 45 percent of total sales. And things are even worse for Nike, which has sold more shoes this year than last year, but the company's revenue has declined because of the strong dollar.