...dollar strength is going to be a problem.
DXY v. 10y UST yield.
Anything that strengthens DXY much further from here (tariffs, DOGE, Fed) will quickly send 10y UST yields to levels that sets off a US & global debt spiral (due to US & foreign USD debt levels & $57T in foreign USD asset holdings, incl $8.5T in USTs.)
https://x.com/LukeGromen/status/1873021167155782130
