Michael Gayed & Weston Nakamura LIVE During Black Monday Japan Trading Hours

Filmed live on Monday August 5, 2024 during the Japan AM trading session of Black Monday 2024, the day that Japan had blown up global markets.Michael A. Gayed of The Lead-Lag Report and Weston Nakamura from Across The Spread are live, just as the NKY225 and TOPIX Indices see a stunning -12% single-day drop, with global indices across Europe and the US following suit, all thanks to a massive (continuing) surge in JPY. Michael and Weston discuss the JPY carry trade unwind, the Japan equity market meltdown, and the broader global market spillover effects underway, as well as touching on concepts like NISA flows into US equities. They also dig in to the Bank of Japan's shock rate hike at the July 2024 policy meeting that had just occurred 2 days prior to Black Monday.Read from Across The Spread:Warning For US & Europe - Japan Is Seriously Crashing Right NowFor further insights and commentary on JPY and its correlation vs NDX, including a deeper look into CTAs, systematic flow behavior and more, see the corresponding article on Across The Spread SubstackUSDJPY: 152 - The CrowdStrike of Global Markets——Follow Michael A. Gayed @leadlagreportleadlagreport.substack.com——Support Across The Spread directly by subscribing on Substack for full access to differentiated, markets-first commentary and analysis of key developments out of Japan, China and the Asia Pacific region of overlooked consequence and impact to green and red blinking tickers across global markets.Across The Spread Substack subscribers get access to earlier and full videos, written articles, notes and chats.https://westonnakamura.substack.comFollow Weston on X: @acrossthespread acrossthespread.com Hosted on Acast. See acast.com/privacy for more information.