Dollar, Yields, Gold, and Oil Macro Trends

The US dollar is down 11% in 2025. Oil dropped 31%. And gold has overtaken the Euro as the 2nd most held reserve asset in the world. This isn’t random. It’s the result of deliberate policy choices

Before I offer up my updated tactical macro trading plan below - The Dollar Trade Playbook - I break down how:

• Trump’s trade, tax, and tariff agenda can fuel foreign capital repatriation

• Section 899 nearly triggered a foreign investment exodus & stock crash

• The world is de-dollarizing — and gold is winning

• Oil can fall while yields rise under de-dollarization and fiscal dominance

• what happens to the dollar if Trump demotes Jerome Powell +/or the Fed Reserve itself…

• and how to time your your bond, equity & crypto trades in a money bubble during devaluation, de-dollarization and debasement.
  

You do not want to miss this deep-dive macro research client post.