At this point, pretty much all of the US markets (and the USD) is hinging on "unlimited upside" promised by techbros and their magic AGIs & robots. They probably get orders from all the way up the food chain to keep the show going.
Wonder what'll happen to JPY once the Yen-carry unwinds from this massive hype-cycle - will probably hit 70 JPY to the dollar! Currently Sony Bank in Japan offers USD time-deposits at 8% pa. - that's just insanely high for what is supposed to be a stable developed economy.
Wonder what'll happen to JPY once the Yen-carry unwinds from this massive hype-cycle - will probably hit 70 JPY to the dollar! Currently Sony Bank in Japan offers USD time-deposits at 8% pa. - that's just insanely high for what is supposed to be a stable developed economy.