Saturday, August 10, 2024

what a week ..?

 QQQ drops 20p; SPX 10+p but has recovered in half-V

obviously elections bring in their share of volatility; 

but the key diff here was the unwinding of Japanese Yen carry trade, which occurred on Sun Night (US) .. 

due to low interest rates, in last 30+ years or so, there are a number of behaviors, which are acceptable/assumed in market will start to surface as misbehavior & early Aug was just a trailer, which got surfaced w/ FOMC (Wed) + NFP (Fri) + Carry trade reversal (Sun) ... 

picture abhi baki hai mere dost ..!

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