MBCC TH 7th Mar'24 - "Why is the Dollar/Yen so important, most algos were not around to price this? Yes you are exposed even if you don't know it!"

So March is lining up to have 3 canary in the coal mine events, you may be sitting there trading Bitcoin or Nestle even, and whether or not you want to admit it, but you have amssive Currency risk in your portfolio, why?

Well something that happened in 80s and 90s and 00s just once, but it is SUPER IMP! To top it off, the Fed is not playing ball…there will be NO rate cuts this year at this rate..so those private credit/equity waiting for that will NEED to mark down their books..