The US Dollar Index is on the verge of a death cross on the weekly chart, a bearish signal not seen since January 2021. However, the last two death crosses led to a market bottom. Shorting the US dollar is now the most crowded trade, according to BofA’s July survey. Google’s Q2 revenue exceeded expectations, with cloud division revenue up 32%. The S&P 500 has fallen by 85% in Bitcoin terms since 2020. Bitcoin ownership distribution shows individuals hold 67% of the supply. Yields on Japanese bonds have climbed to multi-year highs due to fiscal concerns and a trade deal with the US.

Read more at Investing.com: US Dollar: Death Cross Looms but History Suggests a Reversal May Follow