With the hotter-than-expected March jobs report, you might think the dollar has lost value due to inflation, thus clouding the narrative of under-the-radar stocks. And yes, inflation is stubbornly high. That’s what happens when more dollars chase after fewer goods.
At the same time, the dollar is very much elevated relative to a basket of international currencies. Indeed, the U.S. dollar index ripped higher, settling at 106 points. With that, Americans have (relatively speaking) increased purchasing power.
Under this scenario, many enterprises should benefit. However, these under-the-radar stocks could see a more substantial rise compared to their peers.
This post appeared on Dynamic Wealth Report.