The tweet was deleted by the author.
But we saved everything 🙂.
Michael Kao, CIO at Akadia Capital, hints at an impending comeback for the dollar.
The post references a potential shift in the currency landscape, with the 'USD Wrecking Ball' hashtag signaling renewed dollar strength.
Kao has previously analyzed the K-shaped divergence in the U.S. economy, citing AI-led growth and Iran conflict risks as key factors in intensifying disinflation and stagflation pressures. He also noted the decline of PRA, describing it as a classic short candidate weakening without major news, in an earlier market commentary. These prior assessments add context to his latest comments on the dollar.