The Dollar is King

In the coming days and weeks, I’ll be adding DXY positions alongside ES.

The market’s misread of the dollar—especially the obsession with “USD share of reserves”—is largely a byproduct of a geopolitical response: central banks turning to metals as a visible hedge against U.S. power.

But that “optics trade” is setting up one of the biggest snap-backs to reality in a long time—and I believe it’s coming very soon.