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Many of the weak dollar trends I noted in June's update have moderated - even as the dollar has weakened further. US stocks surged over the last month, with growth indices leaving their value counterparts in the dust… again. About the only exception on the equity side was China, which outperformed for much the same reason as US growth - technology stocks. Generally, we expect foreign stocks to outperform in a weak dollar environment but so far any outperformance has been underwhelming. Just one more oddity in this oddest of