Dollar Down, Socks, Gold Bonds Up

The synchronized rally seems to be all about the American Peso as it slides to a 15-month low.

Bloomberg observes that shares of U.S. companies who get a majority of their sales overseas are out performing their domestic focused brethren.

The chart below shows shares of S&P500 companies generating more than half of their revenue abroad have beaten those doing business only in the U.S. — and by 27%!

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dollar bump
Chart source Bespoke Investment Group, Bloomberg

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Source:
Dollar Drop Gives U.S. Exporters Biggest Gains: Chart of Day
Lynn Thomasson
Bloomberg, Nov. 10 2009
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNm_VXnGsMtY

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