Deutsche Bank: Market confidence in US assets is rapidly waning.

On April 9, after China announced a significant increase in tariffs on U.S. goods from 34% to 84%, the S&P 500 index futures fell sharply. Previously, U.S. Treasury yields had risen to 4.46%, and the Wall Street Journal dollar index continued to decline. Deutsche Bank strategist George Saravelos warned that U.S. assets (stocks, bonds, and dollars) are crashing together, and as the market loses confidence in U.S. assets, this signals that “de-dollarization” is rapidly advancing.