Weekly Thoughts

We think government’s pick of Kazuo Ueda as the next BOJ chief spells the end to economic policies of the late Shinzo Abe and his Abenomics playbook. To be sure we think…

With PM Kishida set to decide on BOJ’s next governor this week, all eyes will be on who will succeed Kuroda-san whom we have long been highly critical of. Although we think…

While in the US, slower rise in inflation rate is fuelling hopes for more measured rate hikes by the Fed going forward, accelerated rise in inflation rate in Japan as underlined by…

US macro-economic data remain the dominant factor in determining short term stock market direction. Big swings in stocks have continued into this year with last Friday’s rally helping US stock market indices…

https://asymmetric-advisors.com/some-of-our-key-topdown-predictions-and-stock-calls-for-2023/ Although the last weekly publication (link above) was meant to be our last for 2022, BOJ’s yield curve control tweak last week was too important not to highlight to conclude our…

With Santa Claus rally which we had been hoping for to provide us with big shorting opportunities at the start of 2023 now looking increasingly unlikely, we have started adding back the…

The yen’s continued gains against the dollar from its late October lows has provided a surprise year-end twist to what had been an awful showing by the Japanese currency in 2022. The…

The year-end US stock market rally continues as growing anticipation of less aggressive rate hikes from December onwards is forcing underweighted equity funds to put money to work or risk a major…

Fund inflows into stocks seem to continue as fear of missing out and hopes of a year-end rally have provided good momentum with growth names leading the way. More interestingly, as a…

With Japan’s powerful business federation, or Keidanren urging its member firms to raise pay in the next round of salary negotiations in spring to try to offset rising inflation that is eating…