In today’s briefing:
- Good Morning Japan |Rally Sputters as Earnings in Focus; GS Misses; BOJ – DAY OF RECKONING
- Luxury Boost for Japan’s Department Stores
- Weekly Stock Bullfinder – Week of 1/16
Good Morning Japan |Rally Sputters as Earnings in Focus; GS Misses; BOJ – DAY OF RECKONING
- OVERSEAS: SPX snapp rally; Eearnings refocus as GS misses; Tech bid continues; TELSA +7% as analysts see merits of price cuts; Japan’s BOJ in focus.
- JAPAN: NKY Futs +0.4% vs Cash; USDJPY flat at 129.16. BOJ Day -this is all that matters.
- DAILY NUGGET: Sustainable Aviation Fuel thematic is ramping up. ANA and JAL recent annoucements highlight the commercial potential for the supply chain.
Luxury Boost for Japan’s Department Stores
- More evidence is emerging that department stores will rely increasingly on wealthy VIP account holders to maintain sales in the future.
- The wealthy are also getting younger and department stores are adapting, using digital services which are also cheaper to run.
- With luxury prices up and the inbound trade also coming back strongly, the outlook for the better stores is positive – even though the sector overall will continue to contract.
Weekly Stock Bullfinder – Week of 1/16
- 2023- Coming in With An Open Mind After an ugly 2022, it’s important to “clear the decks” and keep an open mind to what may or may not be working for 2023.
- Coming into this year, there is tremendous clamoring over recession fears given weakness in forward looking leading economic indicators, CEO/CFO surveys, and business media talking heads.
- As an investor, remaining open to different ideas, scenarios, and sectors is important as to not get tethered to siloed thinking.
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