Swami Weekly Wrap: Sept 21st, 2026 [Inflation not backing down & Dollar creeping back]

Hi Swami Subs,

This week’s market is giving us a split message.

Crypto is pushing back toward its highs, the dollar is creeping higher again, and inflation-sensitive areas are refusing to go away. At the same time, several dollar-based equity indexes are starting to lose some momentum, with lower highs and trend breaks showing up beneath the surface.

THE MACHINE is responding by leaning back into growth, with QQQ, IWF, and VUG all moving into the Swami All-Equity lineup. But this is not a clean pivot away from inflation. Energy remains one of the strongest areas on the board, and select inflation beneficiaries are still holding their place in the portfolio.

There is also a fresh macro signal this week in an area we have not talked about much lately. More on that below.