After a historic rally fueled by Coffee and Cocoa, our Soft Commodity Index is finally hitting a major wall. 

With the price stalling at the 2011 highs and signs of distribution setting in, it’s time to shift our focus from chasing strength to hunting weakness. 

One commodity, in particular, is standing out on the downside, and it's giving us a sweet setup to take advantage of.

Let's talk about it...

Our Soft Commodity Index is an equal-weight basket of Cotton, Coffee, Cocoa, and Sugar.

It has increased in price by more than 150% over the last 5 years. This was primarily driven by historic uptrends in Coffee and Cocoa, which rallied 350% and 500%, respectively.

The complex was the home to some of the best trends in commodities for years.

Now, the...

We’ve been talking about this regime shift for months — the slow rotation out of dollar strength and into international stocks.

Today, the chart stopped whispering and started shouting.

The U.S. Dollar Index $DXY just broke a level it held for nearly two years. 

That floor caught every correction since 2023. Until now.

This isn’t just technical analysis. It’s storytelling in price form.
 
King Dollar isn’t king anymore. 

Money is moving. 

Out of safe havens. Into metals, emerging markets, and global equities.

The world isn’t betting on U.S. dominance. It’s betting on rotation. On sticky inflation. On global demand that doesn’t need permission from the Fed.

We’ve positioned for this:

• International markets over U.S. large cap.
...

Gold miners keep squeezing higher.

Why the short sellers are betting against this uptrend is beyond us.

As the great market analyst, Charlie Munger said:

"If people weren't so often wrong, we wouldn't be so rich."

Thank you, short sellers... We love you!