Been watching the markets this week and this setup is kind of wild:
• S&P 500 keeps hitting new highs
• Gold & Silver are surging
• DXY is dropping
Historically, stocks and metals usually move opposite the dollar, but seeing all three move like this makes me wonder if we’re in some liquidity driven, low real-yield phase rather than a typical risk-on/risk-off move.
Is the falling dollar really the main driver here, or is something else going on? I’d love to hear how others are thinking about this, I’m still figuring out my positioning.