Hello Labor Day ๐บ๐ธ!
Other than the $USD, very little that was in the green long side last week. This morning, commodities are bouncing but equities โ๏ธ
Letโs review the week and the real-time ๐งฎ!
๐งต
Asia ๐ช๐ฉธ last week with $HSI -3.55%, $NIKK -3.45%, and $KOSPI -2.9%.
I don't know if it's the unwind of the Yen ๐น carry trade, the change in vol ๐ regime , or a Fed that's too #tight in the face of weak economic date, but risk assets are getting pummeled ๐ก๏ธ๐ฉธ
With FOMC ๐ฆ minutes ๐ (nothing ๐ that gave you a #BTFD moment) and $NVDA ๐ out of the way, the $VIX (along with metals and the $USD) is collapsing