Possible scenario
Exporter Margin Worries
20% Chance
The currency move starts to be treated as a headwind for Korean exporters with large dollar revenues. Equity investors rotate away from autos, shipbuilders, and some hardware exporters even though the macro story remains constructive.
Initial impacts
- US dollar Down
Secondary impacts
- Consumer Cyclicals -0.4%
- Industrials -0.3%
- Technology -0.2%
Portfolio impact
S&P 500-0.1%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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