The dollar index, which tracks the greenback’s value against major currencies, has dropped by 11% since late September. The S&P 500, Wall Street’s benchmark equity index, has bounced 12% in three months, while the 10-year Treasury yield has fallen by nearly 100 basis points to 3.38%. Other risk assets such as bitcoin, the leading cryptocurrency by market value, have gained over 25% this month, according to CoinDesk data. If that’s not enough, shiba inu, the self-proclaimed dogecoin killer, has rallied 35% this month and meme stock Bed Bath & Beyond has jumped 56%.
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