The tweet was deleted by the author.
But we saved everything 🙂.
Michael A. Gayed highlights risks arising from the surging yen, referencing the reverse carry trade and the possibility of a global margin call or credit event.
The tweet underscores a heightened sense of concern in financial markets linked to rapid currency moves and systemic leverage.
Earlier this week, Gayed stated that the first phase of the reverse carry trade is underway as efforts to support the yen begin. He also hosted private dinners in Boston and New York City with Rayliant and China Asset Management Co. teams, focusing on cross-border asset management for RIAs and wealth managers at recent events. The ongoing commentary comes during a period of increased attention to currency movements and market leverage.