It used to be the case that the US dollar was backed by gold and US government said if you don't like these pieces of paper we'll give you gold and ultimately we we ended that we're never going to go back to that presumably right >> probably presumably that's right but not if you watch these gold c these cycles that because you have the devaluation then um people feel don't have confidence in the fiat system over a period of time and through history they've um at that point. The way that works is you print ...

Check out Bitcoin in the crypto markets right now. Joining us uh Anthony Pompiano, founder and CEO of Professional Capital Management each week. There's there's more data points that seem to indicate just increasing adoption of of not just Bitcoin, but I mean Ether and Ethereum suddenly has gotten a lot of attention as well. Has it made up some of the underperformance in recent months at this point? Well, look, I think that Bitcoin has established itself as the king of the market. I don't think that's going ...

uh another uh it moved higher today hitting its best level since mid June. This is on track to be the best month for the US dollar in 2025. Um Carter, just on Monday, you had a note out saying uh the greenback is going to break out.Where are we on that forecast now. It's really panning out. Lock a little bit of good timing.Um we might have some charts here. We can try to figure it out together. But yes, a bit of a bounce uh this week and my hunch is there's more to go uh in terms of uh what you said, one of ...

Investment Rating - The report indicates a "sell signal" triggered by cash levels falling to 3.9% [14][15][86] Core Insights - Investor sentiment is the most bullish since February 2025, with a significant surge in profit optimism and risk appetite over the past three months [2][17] - 59% of investors believe a recession is unlikely, a notable shift from 42% in April, with 65% expecting a soft landing [3][26][27] - The most crowded trade is "short US dollar," with a net 20% overweight on Euro, the highest since January 2005 [5][55][62] Summary by Sections Macro Insights - 42% of investors expect Q2 2025 EPS to beat consensus, while 19% anticipate disappointment [30][36] - AI is perceived to be increasing productivity by 42% of investors [32][37] - Expectations for a global recession have decreased, with only 9% expecting a hard landing [26][28] Policy Insights - The trade war is viewed as the biggest tail risk, with expected final tariff rates on the Rest of the World rising to 14% [4][49][48] - 81% of investors forecast one or two rate cuts by year-end, with only 11% expecting a rate cut at the upcoming FOMC meeting [38][44] Asset Allocation - FMS equity allocation improved to a net 2% overweight, while bond allocation remains net 4% underweight [120][121] - Investors are most overweight Eurozone equities, with a net 41% overweight, the highest in four years [63][65] - There has been a significant increase in allocation to tech stocks, with a net 14% overweight, the highest since January 2025 [68][70] Investor Sentiment - The FMS cash level has dropped to 3.9%, indicating a sell signal, with historical median losses following such signals averaging -2% [14][20][86] - Risk appetite has surged, with a net 31% of investors expecting weaker global economic growth, a significant recovery from previous months [23][92] - 68% of investors believe high-quality earnings will outperform low-quality earnings [101][103]

Market Risk - Deutsche Bank AG strategist suggests President Trump's potential dismissal of Fed Chair Jerome Powell is a major and underpriced risk [1] - The strategist anticipates this action could trigger a selloff in the US dollar and Treasuries [1]

Cross compare the BTCUSD or value of bitcoin right now in dollar valuationTo the BTC/DXY which has outpaced.Bitcoin is trading at a 13% discount to the appreciation it has actually had to the US dollar.Catch up in store? https://t.co/Jf0owRp3RPEasy (@EasyEatsBodega):For contextThe value of Bitcoin is outpacing the value of a dollarEven tho bitcoin is not all time high yet in USD terms.This genuinely just makes me want to buy so much more bitcoin. ...