The Yen Apocalypse, told as a 24-page comic. The reverse carry trade unwinds, the Bank of Japan blinks, and the global liquidity pipe finally gets pulled. What follows is the visual version of every macro warning I have been writing for the last two years.
Scroll all the way down. Twenty-four pages.
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Brilliant: loved the comic book too. That said. when do you expect this to unwind—oil priced in dollars?
I’ve been focused on the Computer software index SOXS: it’s Been down last week, but I’ve been reading that with AI, the sector is done! Yet nothing is happening! Is it still too early?
Also, so what ETF’s would you recommend for this yen trade and timeframe to hold?
And I should definitely sells puts against the etf for protection? Thanks in advance and love the newsletter. Have a great evening!…:)