Double clicking into this... I'm not sure what you're seeing reported is true? Seems Japan holds about $1T total and in Feb reduced it's holdings by (variously reported) $50B - $200B - because yields were increasing.
As of 1.24 pm DOW seems to be bumping along at 38k with a little excitement around a false rumor of a 90-day pause causing the market to perk upwards until rumor popped.
Wasn't sure what to expect... personally felt that another 5% drop would've signaled a lot more pain to come. There's still time...
But I'm also not sure what to make of a 15% overall drop with a floor of 38k. (If that's the case).
My own sense was that we wouldn't know how to interpret things until this coming Friday - or the first set of financial institution failures. But, if it's just a 'correction' with a slow moving recession...?
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p.s. for Site admins... I'm getting an error with every post (thought post completes): Warning: Undefined variable...
Also curious to see that Gold is dropping too -- although, it had already reached $3.2k from $2k over the past year -- so people riding the wave?
Bitcoin is also down... I mean, if you can't flee to safety in imaginary currents of electric, where *can* you flee to safety?
Double clicking into this... I'm not sure what you're seeing reported is true? Seems Japan holds about $1T total and in Feb reduced it's holdings by (variously reported) $50B - $200B - because yields were increasing.
To whom did they sell them?
As of 1.24 pm DOW seems to be bumping along at 38k with a little excitement around a false rumor of a 90-day pause causing the market to perk upwards until rumor popped.
Wasn't sure what to expect... personally felt that another 5% drop would've signaled a lot more pain to come. There's still time...
But I'm also not sure what to make of a 15% overall drop with a floor of 38k. (If that's the case).
My own sense was that we wouldn't know how to interpret things until this coming Friday - or the first set of financial institution failures. But, if it's just a 'correction' with a slow moving recession...?