THE MARKET'S REACTION WAS MORE IMPORTANT THAN THE HEADLINE Reports that the U.S. Treasury had instructed banks to prepare for a possible intervention in the Japanese yen initially sent markets into panic. All three major U.S. indices turned red and $BTC briefly fell below $63K as traders rushed to de-risk. Now $NQ, $SPX and $DJI are back in the green. The first move was driven by fear. The second move was driven by positioning. Monday could get messy. With intervention headlines and geopolitical tensions still in play, expect volatility to stay elevated.
Kapoor KshitizShare
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