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Stay-at-home small caps in vogue as dollar roils multinationals

Investors take notice as less globally exposed US companies have the best start to a year since 2012

The strongest dollar in a decade is making American goods and services more expensive overseas, eroding sales. The Dow tumbled 1.7 per cent on Tuesday as such companies became the latest to cite the greenback's strength as a major headwind for profits.

New York

LIKE New Yorkers trying to avoid a blizzard, sometimes the best decision is to stay home. That may be the better strategy for stock investors as US companies with a more domestic focus have outperformed multinationals.

Small-cap equities are having the best start to a year...

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