Hedge funds are giving up

The main characteristics of this market can be found in exchange rates: a strong Euro and a strong Yen (compared to the US$) point to a reversal of carry trade activities because funds are getting out of equities worldwide.

Once this move is done, then both the Euro and the Yen will sink due to extensive money printing combined to NIRPer interest rates both by the ECB and the BOJ.


Pascal

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