We have always heard that a falling US dollar helps growth.
But if Foreigners want to buy US assets they also do not want to lose on the currency.
If a US equity market is high and the US dollar depreciates then so does the foreign investment in US assets.
Money likes appreciation in equity and currency value, if one falters, it will leave.
If the US Dollar falls into the 80s (on the DXY) the SELL button for stocks will be near.
Watching ....
NOTE: The 2004-2006 time period (??) was the US Housing boom which plugged a few holes while foreign capital did not run to the USA.
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