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
https://twitter.com/leadlagreport/status/1820439147909177692