On February 2nd, Cathie Wood — CEO of ARK Invest, nicknamed “WoodGoat” — noted that per Truflation data, the U.S. consumer price index (CPI) inflation rate has fallen to 0.86% year-over-year, sharply below the 2-3% range seen over the past two years. Further downward pressure on inflation remains possible, with a chance of turning negative. While the U.S. Dollar Index (DXY) has pulled back recently, it has not collapsed. Should current U.S. government policies lift the nation’s capital returns relative to other global regions, the dollar could stage a resurgence akin to the strong uptrend during the 1980s Reaganomics era.
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