information for decisions new york london boston equity market sector & industry comments december 14 2004 s&p500 industries where in the world is dollar exposure october s yawning trade deficit rep ures on despite some recent strength a declining trend nues and earnings many ways as detailed de an itive influences dominate currency gains less import competiti xports higher corporate profits plus all multiplier effects d incomes even with no direct foreign at al rest rates perhaps causing problems securities firms bank commodity costs assuming that increases su he lower location of operations which are major be filings about 25 tota vary from zero to 75 geographic revenues while asia has only 4 la 10 other share there un variations m over next few years current more against yen relative tod disproportionately benefit industrie by global region sectors ex 2003 revs bill tech 606 energy 708 materials 261 industrials 766 consumer staples 955 discretion 1 271 health
