One of the city's largest asset-management firms, Harris Associates became the Swiss bank's largest shareholder earlier this year even as the stock continues to fall and speculation swirls about its future.
At first the dollar impact on S&P 500 revenue is “translational” meaning it impacts or influences non-US revenue within a company which then must be “translated” or adjusted to reported.
Bonds went south in 2022 - all asset classes were negative, and investors received little benefit from international or non-US allocations. USD peaked two weeks ago and has begun to decline.