Arcadia Economics, Released on 8/5/24
The Japanese Nikkei stock index was down 12.4%, as the Yen carry trade continues to unwind. This follows the Bank of Japan’s rate hike last week, which occurred shortly before US manufacturing and employment data were well below estimates. Global stock markets sold off on Friday, and the move has continued into this week’s trading. Prompting increased speculation that the Fed might cut rates faster and farther, possibly even prior to their September meeting. In the midst of the chaos in the Japanese stock market, gold and silver initially rallied, before dropping sharply on Monday morning. And fortunately Vince Lanci is here to walk us through what happened, and make sense of what to expect in the coming weeks. To find out more and be prepared, click to watch the video now!
Vince Lanci is Managing Partner at Echobay Partners LLC. Vince founded Echobay after a profitable career running CiS Options and Berard Capital. The firm is a vehicle for expressing his and “friends and family” personal investment ideas. Echobay also consults on market structure, risk management, and legal cases involving fraud in markets. Vince is also a regular contribute to ZeroHedge.com