‘Trump trades’ like the dollar and bitcoin are stalling, while Chinese stocks are racing ahead - MarketWatch

1. U.S. dollar DXY softened as Trump’s tariff threats seem strategic. 2. Chinese and European stocks are surging, contrasting U.S. stock market stagnation. 3. Retail investor sentiment has turned bearish, highest since late 2023. 4. Lower Treasury yields and relaxed tariffs may weaken the dollar long-term. 5. Cryptocurrency momentum has declined, reflecting cooling excitement from Trump’s victory.