purification by consequence

Everything is unwinding. The dollar is asserting dominance — as it always does. I’ve been watching USD closely (how can you not love the U.S. dollar?).

U.S. equities, the dollar, and U.S. debt remain the strongest assets on the planet. That’s not a flaw — that’s proof of hierarchy.

If this plays out cleanly, the market will do what it always does:

remove …