Money Life With Chuck Jaffe Daily Podcast

LPL's Crosby: Strong dollar has hurt corporate revenue growth

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Synopsis

Quincy Krosby, chief global strategist at LPL Financial, says that the stock market has been signalling a coming recession -- albeit not likely to be "a deep scary one" -- but the key will be the speed of recovery, and that may hinge on how and when the Federal Reserve eases up on or reverses interest-rate hikes. Crosby notes that one thing that will help the recovery is that the dollar should weaken once the Fed makes it clear that the cycle of rate hikes is ending; she pointed to multi-national companies like Apple and Microsoft as examples of firms who saw global revenue growth hindered by the strength of the dollar. Also on the show: Kyle Guske of New Constructs puts a four-star mutual fund into "The Danger Zone," noting that it's filled with dangerous stocks and that past performance isn't likely to dictate future success; Greg Jenkins, head of institutional defined contribution for Invesco, examines the firm's recent survey showing that employees feel alone -- and unsupported by their employers -- in tr