Insulated, but how much, for how long?

Persistent questions about market valuations and the US Federal Reserve's interest rates, along with the collapse of the Japanese yen carry trade due to the Bank of Japan's rate hike, were key factors in the recent global market selloff. Investor fears over lackluster tech results and rising US unemployment, along with an appreciating yen, have heightened concerns, leading to a shift in market sentiment despite relatively stable fundamentals.