Why the strong dollar won't end the US bull market

History shows little relationship between the strength of the dollar and corporate profits, says Gregg Guerin, product specialist at First Trust Global Portfolios

Walls of worry are to be scaled, not feared. Markets historically fare better when there is a prevalence of fear rather than ambivalence, or worse, bullishness. Thus, the latest fear of a rising dollar is not something that should cause investors to climb into a foxhole, especially as the dollar has simply risen back to its 20-year average.  The theory is a stronger dollar will hurt US stocks, especially the larger multi-national companies. But this theory downplays other forces at work. The historical record shows little relationship between the strength of the dollar and corporate pro...