Rollercoaster First Half Is Ending With Stocks at Records
Dollar’s plunge, tariff angst have market first six months of the year
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Six months into the year, world conflicts and Donald Trump’s turbulent policy making have shattered assumptions about the strength and preeminence of US assets and the economy — leaving market favorites in tatters and conjuring unexpected winners.
In January, few envisaged the dollar — the emblem of US exceptionalism — would suffer losses this deep, or predicted the S&P 500’s giddying plunge followed by breakneck rebound. Europe’s stock market, meanwhile, has morphed from backwater into investor must-have.