SYMPTOM:
In Strategy Web 9.x, when a text box with dynamic text is inside a panel stack targeted by a selector, the dynamic text changes to the same value as selected in the selector.
In the picture below, the selector value is set to "Mid-Atlantic". Notice that the dyanmic text also displays "Mid-Atlantic".

However, if the selector is configured to "Show option for All", and the selector value is set to "All", the dynamic text does not display "All" or its alias or each individual element contained by the selector, instead it only displays the first available attribute element in the list.
The setting for "Show option for All" is shown in the image below:

As seen below, the selector value is set to "All". However, the dynamic text displays "Northeast", which is the first available attribute element in the list, rather than "All".

STEPS TO REPRODUCE:
CAUSE:
This is a limitation in Strategy Web 9.x. A request has been logged to address this issue.
ACTION:
Currently this issue is still being reviewed for feasibility by our Technology team and it is not scoped for any upcoming scheduled Strategy release.
The Strategy Internal Reference Number for the issue discussed in the technical note is 446053.