unwinds

The carry trade unwinds in real-time, the domino effect of the BoJ hike is just getting started.

Japan’s rate hike to 1 percent has shattered the yen carry trade. Hedge funds are being forced to sell dollar assets to cover losses. This is forcing a “forced liquidation” cycle that hurts the dollar. The Nikkei hit 70,000, but the euphoria is hiding the underlying panic. When Japanese investors bring their money home, the …

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Goldman CEO warns of massive -$400 million losses in Q3 as it unwinds consumer business

Citi: pic.twitter.com/qRIJKv8LZt — The Coastal Journal (@1CoastalJournal) September 9, 2024 Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business Goldman Sachs will post a roughly $400 million pretax hit to third-quarter results as the bank continues to unwind its ill-fated consumer business. CEO David Solomon said Monday at a …

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