Refuge resources amid financial and international vulnerability after several months of rally

The US dollar may be losing its allure as one of only a few exceptionally solid places in the world,

And further declines in cash could fuel the 2023 securities exchange rally,

Market experts said.

However, a close-term dollar bob could represent a test for the price bulls.

"There has been a fair backward correlation between prices and the US dollar over the last 12-14 months.

DXY looks extremely ready for a countertrend rally here,

And we don't think we can get a real sense of its robustness.

This rally will last until we understand how stocks react to a rising dollar."

BTIG's boss market expert Jonathan Krinsky

said in the week one note (see graph below).