Replying to Avatar Derek Ross

Can I please get a quick TLDR on why markets are on fire at the moment? Thanks.

(Yes, yes, I know, I normally say I don't care about macro, but I am curious what's causing the global panic.)
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Abstract Equilibrium 1y ago

Japan cut rates; USDJPY price reacts; folks sell stocks to get USD so they can cover their USDJPY forex trades & unload those positions.

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Discussion

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Eric FJ 🪬⚡️ 1y ago

And in a thin passive-dominated market this has disproportionate effects

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GFY 1y ago

SOUNDS FAKE AND GHEY

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Abstract Equilibrium 1y ago

I assure you Japan is real