The DXY has fallen below 100, indicating that the US dollar is weakening against other major currencies (such as the euro and yen), while the yield on the 10-year US Treasury note has risen above 4.4%. The DXY's move below 100 reflects expectations that the Fed may cut interest rates in the near future. Meanwhile, rising bond yields indicate that investors are selling long-term bonds, often due to concerns about the US government borrowing more or demand for US bonds falling due to trade wars. Cryptocurrencies and gold typically benefit from a weaker US dollar. The impact on US stocks varies. High-growth stocks such as technology stocks could fall if bond yields rise too quickly, as these companies tend to have high debt levels.