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The fA(I)de

Watch the JPY closely

So far this is a boring Friday for equities, but some cross assets are showing massive moves. The JPY vs SPX chart shouldn't be dismissed...

Source: Refinitiv

JPY on to something...

Source: Refinitiv

It never matters...

Source: Refinitiv

How much are you willing to pay for tech?

Source: Soc Gen

Welcome to extreme

Source: Soc Gen

Tech ain't immune

Source: Refinitiv

The AI fade

Chat GPT fading

Source: Google

Care about reserves?

Source: Refinitiv

Europe's puke

Source: Refinitiv