CIO Update | De-dollarization

Today we dive deep into two critical themes shaping the global financial landscape: a potential stock market bubble and the quiet but powerful force of de-dollarization. Markets are red hot — the S&P 500 and Nasdaq are hitting all-time highs, AI stocks are trading at sky-high valuations, and margin debt has soared past $1 trillion. Echoes of 2021 speculation are everywhere, from meme stocks to leveraged bets. But while the spotlight is on Wall Street euphoria, a bigger shift is happening globally.