The last times the VIX surged over 40 captured the highest stress periods in the modern era (dotcom, subprime, pandemic)

August 5, 2024 5:06 pm by Alex

Borrowing in JPY, exchanging for USD (unhedged), buying US equities

now they need to buy a rising JPY to cover their new obligations, and to get it they need to sell those equities.

h/t _amc_

See also "Thank you, Tulsi, for documenting Dr. Fauci's central role in causing the COVID-19 pandemic — among the most consequential crimes in human history." - Robert F. Kennedy Jr.