The Fed sponsored a $multi-trillion carry trade.
Tech is 90% correlated to the $USDJPY – most since March 2020.
Unwinding this will be a disaster.
Said the ECB. Today:https://t.co/PGl3PLGtCp pic.twitter.com/FqGtNPykwx
— Mac10 (@SuburbanDrone) June 1, 2023
The Nasdaq 100 Index Is at Its Highest Level Since the Dot-Com Era, More Than 20 Years Ago
‘The Nasdaq 100 Index, when measured as a ratio of the Russell 2000 Index of small-cap stocks, is at its highest level since the dot-com era more than 20 years ago.’
Nasdaq down volume will soon be a record. pic.twitter.com/SaugXcAp75
— Mac10 (@SuburbanDrone) June 1, 2023
Every time. pic.twitter.com/jGukakUESD
— Mac10 (@SuburbanDrone) June 1, 2023
The VIX is tracking Apple which has been consistently overbought all of 2023 (top pane).
Back at the all time high. pic.twitter.com/8YnEmHnO7l
— Mac10 (@SuburbanDrone) June 1, 2023
Record low correlation between Tech and the average stock:
"Let's make a deal" pic.twitter.com/FvvmvG94J1
— Mac10 (@SuburbanDrone) May 31, 2023