"As long as the real rate stays below zero, the yen keeps falling and the liquidity keeps exporting offshore. This is a compressed spring. The day the real rate lifts toward zero, or the MoF issues below expectations, the move releases and a far stronger yen unwinds the carry"
PSA: If you’ve been feeling like a genius the last couple weeks, it’s the bull market not you.
Anyone can look smart when everything’s going up. The hard part is knowing what you actually did right versus what the market just handed you for “free”.
Don’t confuse timing with skill. The market will humble you the second you start believing your own hype.
Heads-up: Pre-market so-called “news” or “Truth” is often just a setup for profit-taking. Basically, it’s a reverse indicator.
Do the opposite: If they pump it, short it. If they dump it, go long.
See something tomorrow? You know the drill.