The break-up (a must-watch chart)

One of the most important—and unusual—developments in the market right now is the combination of rising US bond yields and a falling US dollar.

Normally, when bond yields go up, the dollar strengthens. It's similar to a high-interest bank account: if you can earn more by holding US assets, global investors tend to pile in, increasing demand for the dollar.
But that’s not what we’re seeing today.

Instead, yields are rising while the dollar weakens—something that’s more often associated with emerging markets facing debt concerns. It signals a deeper issue: despite higher returns on offer, investors are becoming wary of the underlying fundamentals.

In short, **America’s massive debt load and relentless money printing may be starting to catch up—**even with the world’s reserve currency. And the market is beginning to take notice.

This is important to all asset classes moving forward. Keep your eyes peeled on it.