All of a sudden, weak-dollar trades are working. At least 26 foreign-country exchange-traded funds are outperforming the S&P 500 and Nasdaq-100 so far this year, according to TradeStation data. Producers of commodities like oil and metals, which tend to track the global economy, have also jumped. It’s a big change from 2021, when many of those groups lagged. The rotation seems to come at an odd time because the U.S. Federal Reserve is tightening monetary policy. It’s removing stimulus twice as quickly as previously announced and signaling at least three interest-rate increases this year. Last week, it stunned the ... (full story)