Signs Lined Up for a Dollar Bear Market: Ninety One’s Cooper

Dollar Cycle Analysis - Dollar cycles are significantly longer than economic, commodity, equity, and bond market cycles, averaging around 18 years [1] - The last dollar bear market occurred in 2002 [1] - There are emerging signs potentially indicating the beginning of a new dollar bear market [2] Factors Influencing Dollar Weakness - Twin deficits in the U S are contributing to the potential dollar bear market [3] - Recoveries in China, Europe, and other global regions are also factors [3] Asset Allocation Trends - Large asset owners, including institutional investors and sovereign wealth funds, are considering non-dollar exposure [3][4] - These investors are evaluating diversifying their asset allocations to other parts of the world [3][4]