Agree about the Carry Trade. Been watching that unwind. Might have a few days to go.
Pre-open in the US is looking pretty ugly.
On another side issue, Bangladesh's PM just resigned and ran off - and protestors have invaded her home; Maidan style.
https://www.aljazeera.com/news/2024/8/5/bangladesh-pm-hasina-quits-and-flees-as-protestors-storm-palace-reports#:~:text=Hasina%2C%20who%20had%20ruled%20the,authorities%20have%20sought%20to%20crush.
As to this Iran issue, I was hoping Iran wouldn't overreact given Ismail Haniyeh was Sunni.
But this event look like the trigger for WW1 when Archduke Franz Ferdinand was assassinated.
Agree about the Carry Trade. Been watching that unwind. Might...
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