This is the year for “value” stocks and the reason is JAPAN

The reason crypto, tech stocks, and other big winners are selling off is 100% because of what’s happening in Japan and with the election of Takaichi it’s likely to get much worse. Long story short is that investors are selling their winners in the US to cover their loses on the yen carry trade in Japan. Look at the chart. It was recently a BIG SPIKE in yields on the 10yr JGB. This is sucking liquidity out of US markets and the first dominos to fall are the big winners. It also explains the rise in gold as Japan was viewed as the steady anchor in the global financial system but no longer. My strategy? T bills and forget it. Maybe a small piece of gold. Even “value” stocks are at risk but they’ll outperform the growth stocks but that doesn’t mean they finish positive on the year. Thoughts?