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The market is on edge, fearing a surprise recession, potential conflict in the Middle East, and a de-leveraging event from the yen carry trade. For years, low interest rates made borrowing the Japanese yen very cheap, which investors used to buy tech stocks. But now, with the Bank of Japan raising rates for the first time in 14 years, this trade has become far more costly. As the yen strengthens and stocks sell off, investors are scrambling to unwind these positions, selling their stocks and converting them back to the yen to pay off inflated debts. The big question is, are we fully through this de-leveraging, or is there more market pain ahead? Keep an eye on the VIX, folks. #vix #spy #Stockmarket #finance #spx #qqq #btc #ndx #dia #iwm #volatility #japan #olympics #stocks #blackswan #war
Duration: 73 sPosted : Wed, 07 Aug 2024 00:04:36Views
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