Weekly Thoughts
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The elephant in the room: Brewing cold war and huge risks facing tech firms
Strong signals for broadening tech export restrictions to China Although earnings season is upon us and this one should prove particularly tricky, the latest geopolitical developments are just too important not to address…
October 23, 2021 -
Why we think Japan will outperform other majors in Q4 and beyond
Japan and its deep cyclical/value names likely to outperformWe will keep this weekly update short as we switch to a bottom-up mode ahead of the earnings season which for three weeks a…
October 17, 2021 -
Our near term stock market strategy and key top-down views
Our top-down views and why we remain bullish JapanOur near-term top-down outlook is simply that as long as US long bond yields trend higher, Japan as one of the most cyclical stock markets…
October 10, 2021 -
Higher rates rattle markets while Japan’s LDP sticks with Abenomics
Higher rates rattle markets as economic activity slowsAlthough our bullish Japan stock market outlook is highly conditional on US longer term rates to be edging higher, the sudden spike in bond yields…
October 3, 2021 -
Japan stocks look poised for big gains in Q4 but China risks loom
As US rates head back up, Japan stocks look poised for further gainsHaving spelt out its plans to start its tapering before year-end and complete the program by middle of next year,…
September 25, 2021 -
Japan’s young lawmakers revolt while US investors worry about earnings
Japan’s younger lawmakers breaking ranks to vote for changeWe remain excited about the prospects of our own stock market in Japan as a generational battle is brewing within the ruling LDP party…
September 19, 2021 -
Domestic politics to dominate sentiment in rising Japan stock market
LDP leadership race promises big changes, even at BOJ Although Japan’s politics has had some colourful and assertive characters in the past three decades like Ryutaro Hashimoto, Ichiro Ozawa and Junichiro Koizumi, we…
September 10, 2021 -
Japan stocks come alive as Suga resigns but future China relationship to worsen
As Japan’s PM resigns, Japan’s stock market is coming aliveAs we have long anticipated, Mr Suga has finally stepped down, leaving the door open to potentially some exciting changes at the top…
September 4, 2021 -
More supply chain disruptions look imminent while Japan’s Covid now out of control
Stock markets edge higher while the world burnsUS stocks continued to edge higher by ever narrowing group of market leaders while some segments of the market, namely semiconductors were sold off on…
August 15, 2021 -
Strong American but weaker Chinese economy and the Columbian variant
US economy strengthening while China’s rebound look to be falteringFor Japan whose stock market remains one of the most economic sensitive, recent US payroll numbers showing much stronger pick-up in employment came…
August 8, 2021