The Global ‘Carry Trade’ Is Unwinding. Here’s Why It’s a Brutal Force Crushing Stocks Worldwide.
The carry trade refers to investors borrowing money at near-zero interest rates in Japan, and then redeploying that cash into higher-yielding assets around the world, such as stocks and bonds. The unwind of the global yen “carry trade” is a force battering stocks. The Bank of Japan’s rate hike and potential Fed rate cuts triggered […]