This letter is provided for informational and educational purposes only and does not constitute investment, legal, or tax advice, nor an offer or solicitation to buy or sell any security or financial instrument. Opinions reflect the judgment of DPMACRO as of the date of publication and are subject to change without notice. Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal.DPMACRO and its principals may hold positions in the instruments discussed.© 2026 DPMACRO. All rights reserved.
