AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Intro
This chapter analyzes the sharp increase in U.S. market volatility in early August, pinpointing a 7% decline in the S&P 500 linked to a disappointing jobs report and changes in the yen carry trade. It underscores the significance of a long-term investment strategy in responding to sudden market fluctuations and capitalizing on irrational sell-offs.