I Was Right About This Week’s Huge Downturn -

I Was Right About This Week’s Huge Downturn

Aug 06, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashWell, it’s finally happened. I’ve been warning for months – since it was cooler outside – that the carry trade in increasingly expensive Japanese yen was likely to blow the markets apart.And wouldn’t you know it… the mad traders’ rush to unwind their suddenly-expensive yen carry trades has at last blown the markets apart.Of course, it feels much better being right and protected, and if you’ve been following along with me, I’m sure it’s the same for you. I came into this week heavily in cash.In fact, the big cash position even gave me the peace of mind to make some strategic buys amid the frantic selling yesterday.That said, it’s likely this rout has a few more innings left to run; I don’t think the bottom is in, regardless of today’s bounce.But our healthy cash position means we can set worry aside and focus on some incredible risk/reward setups in the meantime.Here’s what I’ve got in mind…Video Length: 00:11:49More By This Author:The Yen Carry Trade Exploded… And Contagion Is Spreading To The U.S. Game On! Volatility Strikes Back… And It Strikes Hard I Wasn’t Joking About “Risk-Off” – This Is What To Do