In today’s briefing:
- Japan Weekly | Rakuten, Asics, Ebara, Tokyo Electron Chalk up Big Gains
- Lots More on What Earnings Are Telling Us About Prices Now
Japan Weekly | Rakuten, Asics, Ebara, Tokyo Electron Chalk up Big Gains
- The Nikkei hasn’t been this high since the Berlin Wall came toppling down. The Nikkei was up over 4% on the week and stands 15% higher YTD.
- There were plenty of reasons not to be higher. US stocks closed marginally lower; AI stocks like SMCI crashed on Friday;
- Japanese stocks were higher but that hides significant divergence between the winners and losers after a heavy week of earnings releases. Perhaps a pause for breath next week.
Lots More on What Earnings Are Telling Us About Prices Now
- The podcast hosts discuss various topics, including their interests and the future of artificial intelligence.
- They mention that earnings season is currently underway, with companies implementing layoffs to boost profit margins.
- While layoffs receive a lot of attention in the headlines, the hosts note that the labor market data overall looks positive.
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