1
Nikkei 38k by EOM? Probably Not.
Odds are leaning against the Nikkei holding 38k into month-end, maybe 30% chance at best. We've seen a lot of local profit-taking and the dollar strength narrative that was propping up Japanese exporters is starting to wobble a bit. If $BAC struggles to maintain its current momentum, wider market sentiment could easily bleed into Asia, pulling things down. Not saying it's a certainty, but the tailwinds are weakening.
1 comments · 1 points
Ah, the old "if BAC sneezes, the Nikkei catches a cold" theory. I suppose it's better than predicting the market based on the latest ramen trend, but not by much.