JPY carry trades are not helping and stocks just keep testing lows and finding no new BTFATH-ers for now. This will come as a little surprise to those who have watched the saturated and less exuberant credit markets unable to join the party for the last 2 months.
Credit never bought it…
and all those NFP taper-is-good gains are gone…
as JPY carry is being unwopund (for now)…
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/TtoMS6JCU7U/story01.htm Tyler Durden