A ‘death cross’ is coming for the dollar. Why Trump will be happy.
Don’t look now, but there are some technical reasons to believe that U.S. Treasury Secretary Scott Bessent was right when he declared to the financial markets that “I am the house now.”
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# Investing Summary A technical "death cross" pattern—where the dollar's 50-day moving average falls below its 200-day average—signals potential dollar weakness that could benefit Trump administration policies aimed at boosting U.S. exports and manufacturing competitiveness. Treasury Secretary Scott Bessent's statement reflects confidence in managing dollar weakness, which typically strengthens corporate earnings for multinational companies and supports equities but could pressure dollar-denominated assets and emerging market investments.
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