All the catch up easing the the FED will do seems to create some head winds for the current ascent in the DXY.

Now more than a coin flip for march… and 3 cuts by September. Also 25% chance of 4 cuts by December… pure insanity!

I know the thesis is the US dollar is the cleanest shirt of the dirty laundry… but the other dirty shirts are already dirtied (euro with negative rates since a while back).

This will just close the gap. US Dollar still might stay stronger… but from a lower point (as reflected by xauusd) .

No shower required!

Edit: “Hey NorthStar… how is the doomed dome looking like now?”

Edit: adding performance of certain commodities

And the “precious metals” properties apparent in the green… (note sure why the loonie is taking a hit today… Fully?)

I hope the slide stops soon… else this can get real ugly…