Asian shares mostly fall despite solid signs of U.S. growth

Good news is bad news, meaning strong US GDP relative to expectations, means US inflation likely becoming more entrenched/harder to bring down.

Means US rate cuts likely pushed out, less aggressive than consensus expectations. FRB cutting rats with rising wage inflation and growth above long-term economic potential (productivity and labor supply) would only dangerously risk a real resurgence in inflation?

For Japan, means Yen will continue to challenge 150/$, and thus inflation pressures here and in most other markets globally will continue due to dollar strength.

US inflation is firmly under control.

Any predicted bear market never happened and with daily new highs the last month, it isn't gonna happen.

Employment is similar to pre-covid numbers. There are more jobs waiting for workers now. All the doom and gloom from 1-side of the political spectrum is wrong. Plus, this is an election year, which historically means higher spending and bolsters the US economy just a little more too.

Looks like a visit to Japan could be affordable with the current exchange rate with USD. I find it hard to think the yen would become weaker, but I'm not a currency trader.

@theFu

I notice that everything related to the US is driven by political bias. Nothing is believable or trustable anymore there.

VillanovaToday 12:55 am JST

@theFu

I notice that everything related to the US is driven by political bias. Nothing is believable or trustable anymore there.

Yup, can't trust anything coming out of the US, despite it having a better press freedom than any Asian country and a still powerful reserve currency. Smh.