No one can say how much #JPY carry has contributed to recent US equity market slump. However, for 25y strong changes in JPY funding market (swap spread) have always coincided with strong US equity market corrections (monthly <-15%). Conditions are reunited again today. pic.twitter.com/0QIJcbLHXf
— 🏳️🌈 Patrick Krizan 🇺🇦 (@PatrickKrizan) August 5, 2024
My father explaining the reverse carry trade, Japan, and global margin call on the entire stock market back in the mid-1980s.
I miss him.
This explains the $SPX, $NVDA, and what comes next.
Watch and repost this.
Not for me – for his honor as an immigrant who never relented. pic.twitter.com/auYsDXVdOz
— Michael A. Gayed, CFA (@leadlagreport) August 5, 2024
Views:
71