Treasury supply-demand is the dominant macro force

Darius Dale tackles the question investors are quietly asking again: Is it time to "sell America"? He explains why a growing, geopolitically driven supply–demand imbalance in the U.S. Treasury market is catalyzing rotation out of U.S. assets—even as global growth remains strong. Darius breaks down rising geopolitical tensions, historically crowded bullish positioning, and why gold continues to outperform as the premier hedge against sovereign duration risk.