The Carry Trade Unwind: How Yen Strength and JGBs are Sinking Tech Stocks
Enjoying the ride so far? I guess it depends on how you were positioned. Even a genius can look like an idiot if they are caught out of position. Those who had excessive exposure to tech (or chips) may not be enjoying things. Most of their 2024 gains have been wiped out.
It doesn't take long when there's a rush to the exits. On the other hand - if you pivoted into value orientated names (which traded at more reasonable multiples) - things will look more positive