The Nikkei is gearing up for a big drop today (their Monday morning). We'll see how it closes, but it's seemingly the largest 2-day drop in Nikkei history given what happened on Friday.
There's a lot of financial plumbing stuff going on currently. As Japan hikes rates from -0.10% to now 0.25%, they're disrupting the global carry trade, where a lot of global capital is borrowed from Japan and elsewhere in Asia and stuffed into U.S. large cap stonks.
Bitcoin caught up.
LynAlden / Lyn Alden
npub1a2…cw83a
2024-08-05 00:44:35
Author Public Key
npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83aPublished at
2024-08-05 00:44:35Event JSON
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"created_at": 1722818675,
"kind": 1,
"tags": [],
"content": "The Nikkei is gearing up for a big drop today (their Monday morning). We'll see how it closes, but it's seemingly the largest 2-day drop in Nikkei history given what happened on Friday.\n\nThere's a lot of financial plumbing stuff going on currently. As Japan hikes rates from -0.10% to now 0.25%, they're disrupting the global carry trade, where a lot of global capital is borrowed from Japan and elsewhere in Asia and stuffed into U.S. large cap stonks.\n\nBitcoin caught up.",
"sig": "9a4d1d777a033f761c32d7450946531f30d9d6df0c8975bed2103dd6c7e7efd379a913cb735ba0cc80d38e7c0e55d408ebb2e50c6df4363df7589ccdd1abf8fe"
}