Asian shares rise after Wall Street rallies; Nikkei ends at record high

Keep in mind, more downvotes i receive, means more accurate my statements, both above and anywhere.

Parroting the powers that be, offering no insight, with consistent and rampant signs of bias , and garbled syntax.

Those might be more of a reason for this outcome.

The reality is the stock market is entirely orthogonal to the economic outcomes of the majority.

https://www.epi.org/blog/wage-inequality-fell-in-2022-because-stock-market-declines-brought-down-pay-of-the-highest-earners-but-top-1-wages-have-skyrocketed-171-7-since-1979-while-bottom-90-wages-have-seen-just-32-9-growth/

Mass layoffs, restructuring are great for markets!

I may as well go out on a limb and call it.

The Nikkei will be 45,000 pts by years end. I can absolutely see it rising 10% in the next 9 months.

Too many people tend to think that a record high stock market is a good thing for everyone in the country, especially the Japanese since so few invest or do any kind of research into it. More often than not it's the opposite and a good day on the stock market usually means the yen got weaker. If you are not actively trading yourself or you work in one of the big global companies it's probably not a positive thing for you.

I have already lived through two massive bubbles in 2001 and 2007 and they don't end well. I am skeptical. Anyways enjoy it while it lasts and stay out of debt and margin trading.

Cheradenine ZakalweToday  06:44 pm JST

Keep in mind, more downvotes i receive, means more accurate my statements, both above and anywhere.

Parroting the powers that be, offering no insight, with consistent and rampant signs of bias , and garbled syntax.

By all means, believe Chera and his/her ilk if you prefer, as they'll seek to convince every time that everything is just fine and not to believe your lying 'Inflation' Eyes!

One wonders, why's Chera so hostile if I'm so off base?!

Wall Street's Happy Powell's not pulling out the Bazooka, mean rate hikes. In a normal non-election year with services inflation, super core, running 6.8% in Feb, up from 5% in Dec, Powell would be moving to hike.

Given historically high US Deficits and asset inflation in real estate (excluding office) and equity markets, financial conditions very loose, credit spreads tight, etc.

Meanwhile consumer debt delinquencies and defaults skyrocketing, auto, home, student loans, credit card etc. Highest since GFC. High interest rates crushing most consumers, but RICH loving it, tons of interest income!

US, tale of two economies, terrible 99% and fantastic 1%. Unfortunately, for Biden, that's not good electoral math.

Most don't realize high interest rates create incremental interest income for individuals, Corps and Institutions (like Govt. & funds) that are approx. 4x greater than the corresponding incremental interest expense paid by individuals, Corps and Institutions in the US.

Above, KEY reason while most consumers getting crushed with HIGH Prices and have stagflation in their lives, meaning less consumption, the overall number of dollars in society is skyrocketing = INFLATIONARY!!!!

Govt. just borrows to pay their added interest expense unlike others, but as assets in society generating income Far Exceed the Liabilities paying interest expense, far more dollars in circulation. Thus, RICH are VERY happy!!!

Yen is still above 151, Powell and FRB yesterday was a big nothing burger, see above, Powell's not going to be the one to exit the inflation fight early, inflation's the cancer destroying the global economy.

Powell understands US Govt. deficit spending today, running at approx. $1 Trillion every 100 days, approx. size of Japan's economy, that's VERY Inflationary, big reason why commodities are rallying, including Gold and Oil.

Keep in mind, more downvotes i receive, means more accurate my statements, both above and anywhere. As they know I know and do not want you to know. Always better to be in the know, like FRB Chairman Powell!

US and most of world in Stagflation, as consumption dropping on a unit basis with HIGH PRICES. Well managed Corps. doing $well. Exactly how many IPOs are there these days? Almost none, stagflation's = WHY.

It's trading market, FRB Chair Powell didn't rock the apple cart, will continue to be data dependent. These words triggered a rally. So further loosening of financial conditions, making unwelcome inflation pickup more likely.

Powell's correct to not scare the market, does not want something breaking, which would force rate cuts. He'll continue this approach and rate cuts will keep getting pushed back as inflation and GDP exceed expectations.

Keep in mind, hard to buy Govt. or Corp. bonds given inflation. With equities, well run companies can manage inflation, even take advantage and price gouge. Not so with bonds, as borrowers love inflation if they're locked in.

Thus, equity markets over-crowded. Plus, all recognize land prices collapsing in Japan, terrible demographics.

If one reduces value of Nikkei by drop in value of Yen, since Biden took office, record 40K just 20K inflation adjusted!