Bloomberg Businessweek S&P 500 Hits Record High as Dollar Selloff Deepens
Jan 27, 2026
Karen Veraa-Perry, Head of U.S. iShares Fixed Income Strategy at BlackRock, on ETF flows and bond positioning. Jennifer Dlouhy, Bloomberg senior reporter, on shifting White House immigration tactics. Sheila Kahyaoglu, Jefferies equity research MD, on airlines, defense and Boeing’s outlook. They discuss dollar weakness, stock highs, Fed expectations and sector-level impacts in short, punchy conversations.
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Dollar Weakness From Dual Forces
- The dollar decline is driven by both concentrated selling and improving growth expectations abroad.
- That combination amplifies dollar weakness beyond purely domestic fundamentals.
Weaker Dollar Helps Exporters Over Time
- A weaker dollar typically supports U.S. exporters and manufacturers on a lag.
- That dynamic can help domestic production though effects are not instantaneous.
Hedging, Not Exiting, U.S. Exposure
- Global investors may keep U.S. equity exposure while hedging currency risks more.
- That hedging behavior can look like reduced appetite for dollar exposure rather than exiting U.S. assets.