futures trader,interest in covariate systematic models, global emphasis, Stoxx Bund futures! Often trade EUREX overnight, say hi! Golf addict! MizunoMP32s!
Everyone panic-sold because Japan finally hiked rates by 0.25%. Big mistake.
The narrative was that the "Carry Trade" would blow up the world. The reality? The Fed quietly managed the repo market to absorb the shock.
While you were doom-scrolling about the Yen, the US Treasury and Fed ensured there was enough collateral in the system to prevent a freeze. They topped up the antifreeze so the engine wouldn't seize.
Japan provides the leverage, but the Fed manages the pipes. When the plumbing holds during a shock, itโs a green light for the next leg up.
This wasn't a crisis. It was a stress test, and the system passed.
@kazzazapple The Patriots broke ground for a new stadium and CMGI had naming rights! DotCom stock fell from $150 to under $1 before the football game folks ever sat down! Gillette took over!