The total amount of U.S. Treasury bonds has exceeded $36 trillion, reaching a new high, with an increase of $1 trillion in just 3 months. Morgan Stanley expects that the strength of the dollar will peak by the end of the year, after which it will enter a bear market pattern, slowly declining by 2025. The dollar often shows an inverse relationship with so-called risk assets.

On Monday, the Dow Jones stock index futures hit a historical high, currently up 0.6%, recovering from a bear market.