Told ya..they spanked Japan..
“I believe that the bank needs to maintain monetary easing with the current policy interest rate for the time being, with developments in financial and capital markets at home and abroad being extremely volatile. In contrast to the process of policy interest rate hikes in Europe and the United States, Japan’s economy is not in a situation where the bank may fall behind the curve if it does not raise the policy interest rate at a certain pace. Therefore, the bank will not raise its policy interest rate when financial and capital markets are unstable.”
- BOJ Deputy Governor Shinichi Uchida
But the ripples have already happened. The system is so over levered that 0.25 raise in Japan rates crushes equites. Be careful with this rally.
#yencarrytrade
HISTORY
On 6 and 9 August 1945, the United States detonated two atomic bombs over the Japanese cities of Hiroshima and Nagasaki. The bombings killed between 150,000 and 246,000 people, most of whom were civilians, and remain the only use of nuclear weapons in an armed conflict.
TRIVIA
Godzilla, or Gojira, is a giant lizard with inflamed skin and incandescent radioactive laser power, both gained through nuclear exposure. Armed with such dreadful powers, Godzilla emerges from the ocean, threatening Japanese citizens and destroying civilization.
A hydrogen bomb test at Bikini Atoll in 1954, which contaminated the Japanese fishing boat Lucky Dragon Five, inspired the Japanese film production company, Toho Co., Ltd, to create the first “Gojira” movie. The 1954 version painted Gojira as a victim of nuclear weapons suffering from the devastating impact of nuclear testing — the giant lizard’s burnt skin was an allegory for the aftereffects of atomic contamination.
The July 4th 40% discount was pretty successful but ended last month. With how volatile the markets have been the past 2 weeks I wanted to reach out to you and extend it, as a thank you for being a free subscriber.
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Summary of the day
Morning
1:30pm
Private Chat: “Show me your strength”
Breadth
152 new highs
279 new lows
Nasdaq New Highs/Lows _ Highs vs _ Lows
31% advancing 66% declining
68% below 50 day ma
48% below the 200 day ma
Stuck out
Pump and dump 2.0
Strong
Weak
What to watch
Watch mag 7
Watch yields
Credit card delinquency rate (1991-Present)
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