Tech Rally Still At Risk: Yen Trading Fallout Could Mean 10% S&P Drop!
The JPY carry trade helped HF the long positions in US tech stocks, and the unwinding this week once led to a significant drop in the $S&P 500(.SPX)$ S&P 500 index.
Similar risk appetite resets have historically led to a 9%-10% decline within the next three months. In other words, "Hedging the US stock market still makes sense...
The question is how to do it best.
$Apple(AAPL)$ $Microsoft(MSFT)$ $Alphabet(GOOGL)$ $Meta Platforms, Inc.(META)$ $Amazon.com(AMZN)$ $Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$
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