Weekly Thoughts

Covid-19 going global There are two important aspects of the virus that epidemiologists now highly suspect of. First is that those infected that are asymptomatic could still be highly contagious. The second and…

As US stocks melt up, investors in Japan are more cautious of contagion The US stock market’s liquidity-driven melt-up continues as investors have brushed aside worries about the Covid-19 virus, and are further…

The full impact of the virus coming to light but normalisation could take monthsAlthough we had predicted that stock markets would bottom out within the first two weeks of February, once the…

Short-term economic fallout from virus looks substantial As we highlighted last week, all bullish bets are off as 2019-nCoV virus had the potential to be a Black Swan event and we advised investors…

Caution is warranted until at least the middle of next month Just when we thought Japan’s stock market was poised for big gains, we have encountered what can be best described as…

Benign conditions to continue while weak yen supportive of Japan earnings seasonWith geopolitical tensions in the Middle East having eased somewhat and Phase One of US/China trade deal finally signed, it is…

US/Iran tensions easing while China trade deal to be signed this weekAfter a brief sell-off at the start of the week on heightened concerns about an impending war between US and Iran,…

We expect Topix to test its 1991 highs of 2000 by H1 of this yearWe start 2020 very much where we left off by the end of last year, remaining very bullish…

2020 looking to be a very promising year for Japanese stocksFor our last publication of the year, we focus on Japan’s stock market and its promising outlook for 2020. We turned positive…

Phase One deal out of the way allowing stocks to advance furtherGlobal stock markets rallied as Phase One of the US/China trade deal was finally struck with US agreeing to cut in…