🟢 [E1046] The dollar is in a structural bear market — analogous to Nixon, Carter, and Bush II — as presidential credibility erodes, reducing ability to jaw-bone Wall Street or force FDI inflows.

🟢 [E1073] Best tactical trades are yield curve steepeners. Works if policy panic to avoid recession drives front-end cuts while fiscal excess keeps the long end elevated.

🟢 [E1033] Markets transitioning from boom trades (Q4) through stagflation trades (Q1) toward recession trades (Q2), driven by rising recession and rate-hike probabilities threatening 19% EPS growth consensus.

🟢 [E1039] BofA Bull & Bear Indicator dropped from 8.4 to 7.4 — lowest since July 2025 — ending sell signal active since December (SPX -5%, peak-to-trough -7%). But trading rules show none of the capitulation signals seen at prior major lows.

🟢 [E1776] Gold and physical accumulation are the structural hedge. Dollar bear market analogous to Nixon, Carter, Bush II — gold and international equities are preferred beneficiaries.