MBCC TH 8th Aug'24 - "There was stuff breaking BEFORE Yen carry trade, it was NOT just about the unwind, Commodities never lie - what is going on?"

Most are obsessed with the Yen carry trade, but as we keep saying it was a symptom not the cause. Things changed July 11th - what happened and why?

Everyone is programmed to buy the first dip, but what if it fizzles out after the first bounce?

We look at China and its demand for Oil and Copper today…its not just about macro, MICRO has to play ball too!