As you know, I've been on my annual Vegas trip with my crew for the past few days but the fun comes to an end tomorrow and it will soon be time to get back to work. For now, here's just a quick chart update.
As best I can tell, it was a very crazy day in the markets. Between the Friday BoJ rate hike and the latest AI news out of China, markets were seemingly on edge all weekend and then opened weaker today. To me, this day brought a strong sense of deja vu as it seemed quite similar to all the carry trade worries and fears back on Monday, August 5. The markets all recovered later...