The (https://www.marketwatch.com/story/there-are-plenty-of-reasons-the-dollar-should-be-rallying-right-now-but-it-isnt-thats-not-a-good-sign-b8366156?mod=mw_rss_topstories) right now but it's dead in the water — a massive red flag screaming late-cycle exhaustion. We've got 30-year yields kissing 4.98% while geopolitical chaos erupts globally, yet the DXY can't even get a sympathy bid. This is textbook divergence hell.

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