Larry’s Take on the Recent Market Instability

[Trading With Larry Benedict]( Larry’s Take on the Recent Market Instability By the Opportunistic Trader Editorial Team As you’ve no doubt seen, the markets have been haywire recently. The S&P 500 dropped 7.3% in just three days. And the tech-heavy Nasdaq fell 11.5% over the same time frame. And while the markets have recovered since Monday’s sharp downturn, the sudden burst of selling still has investors nervous. So, our editorial director, Chris Lowe, sat down with Larry to find out what’s really behind the market’s pullback. In their Q&A session, Larry explained: What happened was the Japanese yen traded down to about 142 to 162 versus the dollar, which is very unstable. To stop the fall, the Japanese central bank hiked yen interest rates. And that’s bad news for anyone involved in the yen financing trade. That’s when investors borrow in yen at ultra-low rates and invest in assets with higher returns, such as U.S. stocks and bonds. The sudden rise in the yen meant the cost of repaying yen-denominated loans soared in U.S. dollar terms. This triggered margin calls and a mass unwinding of positions. You can read the rest of the Q&A [by going here](. Then catch up on the rest of the week’s content by clicking on the links below… Recommended Link [These stocks could surge despite the current downturn]( [image]( The market may be down… But when Apple makes this announcement as soon as September 10… These three stocks could start to take off. [Here’s why.]( -- --------------------------------------------------------------- [thumbnail]( [NVDA Is Failing a Key Test]( Since peaking on June 18, NVDA shares have dropped 23.5%... Can the AI leader get back on track? Or is there more downside in store? --------------------------------------------------------------- [thumbnail]( [Two Lessons That Helped Me Become a Master Trader]( Today, let me share some of my observations that can help you learn from my years of experience. --------------------------------------------------------------- [thumbnail]( [Mastering This Concept Will Improve Your Trading Success]( This is a vital concept to grasp if you want to make money over time as a trader… and avoid gut-wrenching losses… --------------------------------------------------------------- [thumbnail]( [The Real Reason for the Market’s Pullback]( The mainstream press claims the pullback was a reaction to recession news… or the elections. But Larry has a different view. --------------------------------------------------------------- [thumbnail]( [This Advice Saved My Trading Career… and It Can Change Yours]( Without another clerk giving me this advice, that might have been the end of my trading career… --------------------------------------------------------------- [The Opportunistic Trader]( The Opportunistic Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.opportunistictrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. The Opportunistic Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-208-6550, Mon–Fri, 9am–5pm ET, or email us [here](mailto:feedback@opportunistictrader.com). © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](