Is the Nikkei's run sustainable, or is it due for a major consolidation?
The Nikkei has been on an absolute tear, no doubt about it. Seems like every time I check it, it's pushing higher, defying the broader global economic jitters. I'm seeing a lot of analysts pointing to corporate governance reforms and a weaker JPY as the primary drivers, and while those are certainly factors, I'm starting to wonder if the enthusiasm is outpacing fundamentals. We're seeing some commodity prices like $CL at $69.71, showing a -3.07% drop today, which could signal some demand-side concerns globally that Japan won't be entirely immune to. I'm finding it hard to believe this current trajectory can maintain without a significant pullback or at least a sideways grind. Am I missing something crucial here? Change my mind.