Adam Wolfe speaks at Ashwamedh – Elara India Dialogue 2025

“The dollar’s cycle is turning but this time, the story for emerging markets may not be the same.”

At Ashwamedh – Elara India Dialogue 2025, Adam Wolfe (Absolute Strategy Research) unpacked why he believes the US dollar is entering a bear phase, and what that means for global capital flows.

From investor overexposure to US assets to structural shifts in EM economies, Wolfe highlighted both the tailwinds and limits of a weaker dollar. His call: expect renewed optimism for EM assets, but don’t assume a repeat of the past golden age.

Dialogue #1 | Trident BKC, Mumbai