The founder of Exante Data, Jens Nordvig, who focuses on tracking global capital flows, has been communicating with large global investors for a long time, including hedge fund managers, corporate finance directors, pension funds, sovereign wealth funds, etc. Nordvig believes that the dollar bear market, which has continued for many years, has only just begun because the Trump administration's chaotic approach to reshaping the US economy has disrupted the global trade pattern. Intermittent and inconsistent tariff policies have “irreversibly weakened” investors' confidence in the US dollar. It is worth noting that the current US Treasury Secretary, Bezent, was one of Nordvig's early clients, and Bezent was still working for a hedge fund at the time. The key to Nordvig's prediction is that unlike speculators who quickly sold off dollars after last month's tariff hike, institutional investors who have invested heavily in US stocks and bonds over the past ten years are currently “rebalancing their asset allocation.” He pointed out that although it may take a few months for these long-term investors to reduce their dollar holdings or establish short positions in the US dollar, it is certain that the pain of dollar bulls will come.

The founder of Exante Data, Jens Nordvig, who focuses on tracking global capital flows, has been communicating with large global investors for a long time, including hedge fund managers, corporate finance directors, pension funds, sovereign wealth funds, etc. Nordvig believes that the dollar bear market, which has continued for many years, has only just begun because the Trump administration's chaotic approach to reshaping the US economy has disrupted the global trade pattern. Intermittent and inconsistent tariff policies have “irreversibly weakened” investors' confidence in the US dollar. It is worth noting that the current US Treasury Secretary, Bezent, was one of Nordvig's early clients, and Bezent was still working for a hedge fund at the time. The key to Nordvig's prediction is that unlike speculators who quickly sold off dollars after last month's tariff hike, institutional investors who have invested heavily in US stocks and bonds over the past ten years are currently “rebalancing their asset allocation.” He pointed out that although it may take a few months for these long-term investors to reduce their dollar holdings or establish short positions in the US dollar, it is certain that the pain of dollar bulls will come.