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...
[3]
and all those NFP taper-is-good gains are gone...
[4]
as JPY carry is being unwopund (for now)...
