Hello, for the Rebel capitalists, hope you're well.

I wanted to go straight to the dollar index, the DXY, and it tells us something that I think is crucial to understanding today's environment and whether or not throughout the rest of 2023 we're going to continue to see these types of crises pop up here and there and whether or not we'll have a hard

landing, soft landing, I think we've got to look at the dollar right now and we've got to pay attention

to what it's telling us.

So let me go over to this chart of the D.X.Y right now is at 104.

104.5 call it and let's look at what it is done over the past month.

This is very important.

So we see that at the beginning of March the dollar really

started to go down. I mean from 105.6 all the way down to call it 103.6. So that's a pretty big move in the

DXY in a short period of time. Why was it doing that? Well it was doing that

because most likely people started to factor in a dovish fed. Now their rhetoric may have been hawkish or you know

people might have had some insights as to Silicon Valley Bank back then, but the probability went from, okay, the Fed's going to continue to hike rates up to Paul Volker levels. Remember how the neutral rate went all the

way up to like 5.75% or maybe it was 5.35. The neutral rate really went up after that last testimony from Jerome Powell.

Remember, that was only like a week and a half ago.

And then we start to get some bad news, let's say, or maybe some insiders knew what was going on with the

banking system and so they start to predict the Fed is going to lower rates.

Well the Fed's lowering rates they is going to lower rates. Well, the Fed's lowering rates, if they're going to

pause and or pivot sooner than the market expects, what would you expect to happen to the dollar. Go down, right? It would go down. Now let's look

at what is happening. So we fast forward to its low point. this would have been the 13th.

So today is the 16th.

So let's say this was Monday, Tuesday, right around that time.

And then what happened is the dollar starts to go higher a lot higher. Now you say

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