$DXY - This is where markets start becoming even more irrational. Everyone is in agreement that the US debt is too high, the US dollar isn't backed by gold, and that retail has been told to buy gold and bitcoin and all sorts of assets instead of the dollar. But then you have the fed cutting rates and CPI showing inflation cooling down then you have to ask yourself what would be a wild scenario that would catch people off guard: deflation. The US paying off their debt and the economy getting stronger but stocks going down (they actually like inflation). Imagine now even on record earnings and numbers if inflation is down all these numbers will be much lower. It's a weird situation and a wild thought but it's hard to imagine that when there's almost 50 trillion dollars piled into gold, bitcoin, and money markets all preparing for worse inflation or the dollar to lose value it seems less likely for that scenario to happen.
