The Monte Carlo analysis of JPY carry trade unwind uses a Merton Jump-Diffusion model to simulate USD/JPY dynamics over a 90-day horizon, capturing both continuous exchange rate movements and sudden…
Institutional and fundamental legal framework
Unlike many central banks, the Bank of Japan (BOJ) has no autonomous decision-making power over foreign exchange intervention. This authority rests solely with the Minister…
The original thesis from December 6-13, 2025, predicting a catastrophic systemic event driven by a Fed-BOJ shock and a $11.5 trillion carry trade unwind within 90 days, was not validated…
SpaceX is not a blockchain protocol, a crypto cloud, a native DePIN network, or an on-chain payment processor as of August 10, 2026. It is a physical infrastructure platform (launch,…
https://www.steelldy-indices.com
SpaceX has a gross margin of 55.3%, but negative operating and net margins (-1.8% and -6.9%). Only Starlink connectivity is profitable (~+$1.66B OI), while Space and AI segments are…
This morning, the CCQI (Climate Change Quality Index) stands at 82.98, reflecting relative stability in the quality of climate-related assets. At the same time, the price of EUAs (European Union…
Revenue decomposition and growth dynamics for Q2 FY26
Consolidated revenue reached 7,814, representing a 91.94% year-over-year increase from 4,071. The total revenue growth of 3,743 is driven by AI compute…
Executive Summary
Copper ("Dr. Copper") remains a useful leading indicator of global industrial activity due to its ubiquitous use (power grids, construction, automotive, electronics, data centers). Futures are currently trading…
The ETH/BTC ratio currently stands at approximately 0.0292–0.0293 (early August 2026), meaning one Ethereum is worth about 2.92–2.93% of one Bitcoin. Recent historical context (2025-2026): - Local peak: 0.0421 (August…
The correlation between Bitcoin (BTC) and Ethereum (ETH) is structurally high and stable, typically ranging between +0.80 and +0.90 across various time horizons, with 30-day figures around +0.88 and one-year…