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Unglued

Published 07/08/2022, 07:44 AM
Updated 07/09/2023, 06:31 AM

It’s very early (like, oh 4 a.m.) and I’m deliberately not even looking at the futures markets. I haven’t done so since yesterday. After The Director texted me that Abe had been shot (and, subsequently, he died) we puzzled over the fact that the Japanese yen suddenly was soaring (????) and equities were down. I mean, it’s a sad thing, obviously, but why the death of an ex-PM would cause such gyrations in futures is beyond me. It extends to crypto, too, which yet again was repelled from daring to break out.

Ethereum Price Chart

Once the jobs report has been out and the market has had some time to absorb the news, I’ll do a new post (and, will by that time, permit myself to look at the markets).

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