Let me preface this by saying that I have taken some economics in college but by no means I am expert. Just an observation from an average person.
Weakening of USD is deliberate. This makes many economic indicators look great on paper.
GDP rises because of inflation and devaluation of USD. Exports will become more attractive. Also raises the GDP. It becomes expensive to import. This "should boost" manufacturing domestically.
However, this weakens buying power of USD, therefore money is worth less. With wage stagnation, pushes middle class lower and poor even more poor. Wealthy will be fine because assets will appreciate.
Just for context. USD - CHF pair down 14% in a year. Look at Swiss Franc because of low inflation in Switzerland.
With that being said, S&P 500 is up 13.9%, DOW 12%. Yet euro stocks like EZU ETF is up 31.39%. Asian stocks 31.99% for a year. American companies are stagnating or already overvalued and others are catching up.
Then we have inconsistent inflation data. Paired with with highest layoffs since 2009. Maybe we are overweight and over employed.
Needless to say, it is not looking good. How are they going to prop up the economy at these rates? Topped with more money printing and QE policies. I'm not liking where we headed.
Did I miss the plot somewhere?