August 12th, 2024
Markets recover 50% of their dips -equity indices, and bond yield lows.
Economists debate if weather-related issues distorted the labour market data.
A substantial part of the Yen carry trade is unwound
Japanese equities have still to recover as much as global equities and have a following wind of better economic data.
Bond yields drift from expensive to fully valued in the absence of a recession.
