Comping against the June lows, equities, yields, and #bitcoin ripped โ๏ธ as the USD and vol ๐ โ๏ธ even as a litany of #FedHeads reaffirmed more ๐๐ฅฃ removal
Letโs dig into the ๐งฎ!
2/10
The $USD ๐ณ paused while ECB, BOC, RBA hiked 75 BPS
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