And so is the Euro and the Swiss Franc as the world is pulling assets out of the US. I heard it was China dumping their treasuries, then I heard Japan and Canada, then I heard it’s hedge funds shorting the long bond - I don’t think anyone knows for sure. Are we about to see the unthinkable, what various cranks have been saying was imminent since the US left the gold standard in 1971 - the $ losing reserve currency status? Sounds crazy - but so was the last week - and there are literally people in this administration, or who have the president’s ear, who want to do just that, and replace the $ with crypto. Hey, I’m usually a VOO/TLT kind of guy, but I’m at 50% cash right now, my highest level ever, and am seriously considering moving a big chunk of that out of SGOV and into the Euro and the CHF (via FXE and FXF). Maybe even some SLV, which tends to follow gold but has been lagging. Never thought I’d see this day, when a president is deliberately tanking the stock market (he blinked yesterday on the tariffs because the bond market was crashing), or who doesn’t care if his current policy tanks it, which amounts to the same thing. I’ve lived through 2000-2002, 2007-2009, and (lol) March 2020. This feels worse than any of those though, because it’s deliberate. GLTA