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A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley’s Wilson

Morgan Stanley’s Wilson said every 1% change in the Dollar Index has a negative 0.5% impact on S&P 500 earnings. He also saw an approximate 10% headwind to growth to companies earnings in the fourth quarter, in addition to other headwinds such as payback in demand and higher costs from inflation.
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