…the spectre of yen carry trade reversal is not over, not with a falling dollar and soon possible collapse in risk assets.
…already can sense FOMO building up this weekend to unleash on Monday but like many other sessions in the past, early buyers would likely pay the highest price at the start as traders/holders sell into strength.
…traders are keen to buy into sectors that have the capacity to make big jumps in price, but they also forget that those sectors are also vulnerable to big drops in price and ironically they are not sectors with positive macros. Picking bottoms may end up getting smelly fingers.
