Across The Spread is a financial markets podcast hosted by Weston Nakamura based in Tokyo, providing listeners with all of the latest developments and differentiated insights stemming from the Asia Pacific region with global, cross-asset market impact and consequence - mixed with a bit of Weston’s wit and humor.
From commentary on day-to-day market activity, to long-form thematic deep dives,
Across The Spread connects what is happening on the ground in Asia with broader markets in the U.S. and Europe. Be it equities, bonds, currencies or commodities, as well as critical developments on the policy front out of the Bank of Japan to China - Across The Spread takes a markets-first approach for traders, investors, and market enthusiasts around the world.
Weston has a background in institutional finance as a listed derivatives trader at Goldman Sachs and equity hedge fund sales at Jefferies in Tokyo, and has been creating original content on financial markets as Global Markets Editor at Real Vision, and host of the Market Depth podcast on Blockworks Macro.
Hosted on Acast. See acast.com/privacy for more information.
Across The Spread is a financial markets podcast hosted by Weston Nakamura based in Tokyo, providing listeners with all of the latest developments and differentiated insights stemming from the Asia Pacific region with global, cross-asset market impact and consequence - mixed with a bit of Weston’s wit and humor.
From commentary on day-to-day market activity, to long-form thematic deep dives,
Across The Spread connects what is happening on the ground in Asia with broader markets in the U.S. and Europe. Be it equities, bonds, currencies or commodities, as well as critical developments on the policy front out of the Bank of Japan to China - Across The Spread takes a markets-first approach for traders, investors, and market enthusiasts around the world.
Weston has a background in institutional finance as a listed derivatives trader at Goldman Sachs and equity hedge fund sales at Jefferies in Tokyo, and has been creating original content on financial markets as Global Markets Editor at Real Vision, and host of the Market Depth podcast on Blockworks Macro.
Hosted on Acast. See acast.com/privacy for more information.
Filmed live on Monday August 5, 2024 during the Japan AM trading session of Black Monday 2024, the day that Japan had blown up global markets.
Michael A. Gayed of The Lead-Lag Report and Weston Nakamura from Across The Spread are live, just as the NKY225 and TOPIX Indices see a stunning -12% single-day drop, with global indices across Europe and the US following suit, all thanks to a massive (continuing) surge in JPY.
Michael and Weston discuss the JPY carry trade unwind, the Japan equity market meltdown, and the broader global market spillover effects underway, as well as touching on concepts like NISA flows into US equities.
They also dig in to the Bank of Japan's shock rate hike at the July 2024 policy meeting that had just occurred 2 days prior to Black Monday.
Read from Across The Spread:
Warning For US & Europe - Japan Is Seriously Crashing Right Now
For further insights and commentary on JPY and its correlation vs NDX, including a deeper look into CTAs, systematic flow behavior and more, see the corresponding article on Across The Spread Substack
USDJPY: 152 - The CrowdStrike of Global Markets
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Follow Michael A. Gayed @leadlagreport
leadlagreport.substack.com
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Support Across The Spread directly by subscribing on Substack for full access to differentiated, markets-first commentary and analysis of key developments out of Japan, China and the Asia Pacific region of overlooked consequence and impact to green and red blinking tickers across global markets.
Across The Spread Substack subscribers get access to earlier and full videos, written articles, notes and chats.
https://westonnakamura.substack.com
Follow Weston on X: @acrossthespread
acrossthespread.com
Hosted on Acast. See acast.com/privacy for more information.