Watch: Kyle Bass on Yen-Carry Carnage

GoldFix · Aug 7, 2024 · 8m

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Housekeeping: Good Morning.

Gold Revaluation is happening (quite literally) before our eyes

Today:

* Commentary: Yen Carry Trade

* Premium: Scotia Bank CFTC report

Equity Recap:

US equities advanced on Tuesday after sharp losses in prior trading sessions amid recession concerns and the yen carry trade unwinding. Real estate (+2.30%) and financials (+1.46%) outperformed the broader market indices, while energy (+0.40%) and health care (+0.48%) lagged. The Nasdaq gained 1.03%, while tech added 1.36%. The VIX…