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The chief investment officer of Fortune Management issued a warning to stock market bulls: Structural forces that suppress the dollar may in turn affect U.S. stocks. "Be prepared for a possible shift in the dollar's momentum," Lisa Shalett warned. She mentioned that the end of Japan's yield curve management and the rise in Bitcoin and commodity prices showed that the dollar's rise "may have reached its limit." "While correlation is not causation, the correlation between dollar strength and P/E ratios is worth watching as a dollar bull cycle may be maturing," she wrote in a note on Monday.