Adam Turnquist, chief technical strategist at LPL Financial, created a chart overlaying the U.S. Dollar Index trajectory across Donald Trump’s two presidential terms. The similarities are striking: after the 2016 victory, the index rallied roughly 8%, then fell about 15% over 293 trading days before bottoming in early 2018, followed by a 17% climb into 2020. The 2024-2026 pattern shows nearly identical figures: a 13% decline over 269 trading days, then a breakout above resistance near the 100 level. For Turnquist, this pattern reflects relative U.S. economic strength and the American exceptionalism theme, amplified by foreign demand for AI-linked U.S. technology stocks.
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