How does this relate to carry trade please explain

itter thought of as a long-duration bond without en't moving, gold isn't likely to either. Another traditional haven asset, the Japanese yen, isn't functioning as expected either. It is up less than 0.5% against the dollar since U.S. equities peaked this month, and like gold, it dropped rather than rose with U.S. stocks in March. That may in part be down to Japanese investors' continued demand for foreign assets , keeping the yen from appreciating too much. For international investors, the dollar paradoxically offers some support: A tumble concentrated in U.S. tech stocks and without any meaningful rally in U.S. government bonds might seem unlikely to raise the greenback, But this year, the ICE U.S. Dollar Index has had a relatively strong negative correlation with the SSP 500, at minus 0.7 for the past 250 trading days. Morgan Stanley analysts suggest this is because much lower U.S. interest rates have made the dollar a more popular funding currency for carry trades. But investors should be aware that the relationship between the greenback and stocks has been inconsistent over the past decade. There are still some possibilities for domestic investors too. Buying volatility options is one clear way to limit the risk of sudden stock slumps, although it can, of course, be costly, especially when many other investors are likely to want the same protection