The U.S. dollar has surged since the election, reaching a 13-year high on Nov. 18. That’s bad news for American firms that do a lot of business overseas, including Abbott Laboratories, Boeing, McDonald’s and Mondelez International.

Comment: That’s true, but that spike in the dollar resulted mostly from higher growth expectations in the US under Trump, and the higher interest rates that go along with that. And the interests of multinational corporations simply are not the same as the interests of Americans.