I don't completely agree, but don't completely disagree either. Some valid points.
"U.S. economic growth is so strong the Federal Reserve, alone among major central banks, is simultaneously raising short-term interest rates and reducing its balance sheet by unwinding three rounds of asset purchases that followed the financial crisis.
Those higher rates are attracting investors to our shores, driving up the dollar to recent highs. A strong greenback not only weakens commodities, which are priced in dollars, and the currencies of emerging markets; it also cuts into the profits of U.S.-based multinationals that dominate the Dow and S&P 500."