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Markets Experience Best And Worst Days Since 2022: What's Next In Wall Street's Rollercoaster Ride?
Monday, August 12, 2024 - 10:17am | 614Last week, investors faced a rollercoaster with dramatic market swings. What can we expect next for the financial markets? The Recap: The SPDR S&P 500 ETF Trust (NYSE:SPY) started 2024 up as much as 19.5% through the middle of July, a historic pace. In the second half of the month, the index...
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Yen 'Carry Trade' Is Only Halfway Unraveled, Wall Street Analyst Says: How Much More Room For Traders To Get Pummeled?
Tuesday, August 6, 2024 - 2:22pm | 438Global markets faced a beating on Monday before recovering on Tuesday. Experts linked the market’s price action to the unwinding of the yen “carry trade,” which Arindam Sandilya, co-head of global FX strategy at JPMorgan, says is only half done. What Is The Yen ‘Carry Trade...
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Cathie Wood Downplays Impact Of Yen 'Carry Trade' On Markets: Here's Why Ark Invest Founder Thinks Fed Rate Should Be At 1% Now
Tuesday, August 6, 2024 - 12:10pm | 669The CBOE Volatility Index, known more commonly as the VIX, spiked to levels not seen since the onset of the COVID-19 pandemic amid Monday’s global market meltdown. Fund manager Cathie Wood, founder of Ark Invest, weighed in on the implication of the development. Making Sense Of VIX Move: The...
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Global Stock Market Meltdown Has More To Do With Macro Funds Stuck In 'Wrong Way Around A Trade,' Says Expert
Tuesday, August 6, 2024 - 5:45am | 514The recent global equity market meltdown is not primarily due to a shift in the U.S. economic outlook, but rather a result of investors winding down carry trades. What Happened: The sell-off was sparked by weaker-than-expected U.S. jobs data, causing Japan’s Nikkei index to experience its...
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Strategist Warns 'There's A Serious Collapse That's Coming' After Monday's Global Market Crash: 'Tons And Tons Of Yen Carry Trades…Have To Be Closed Out'
Tuesday, August 6, 2024 - 4:07am | 648Some sanity has returned to the market after Monday’s swoon but a report said on Tuesday that investors should brace for more shakeouts in the coming days. Protracted Unwinding Market participants are worried about an extended sell-off and a contagion effect on other assets, primarily due to...