Ortus Advisors

Andrew Jackson

Independent Insight Provider

Thematic (Sector/Industry)

<ul>
<li>The market had mixed results with SOX +0.51%, Nasdaq -0.7%, SPX -0.78%, and Russell -1.85%. UST10 yields rose 1.07% to 4.2%, and the yen weakened to 157.36. </li>
<li>Commodities saw copper -2.6%, nickel -0.2%, and Brent crude -0.34%. Tech stocks varied, with Monolithic Power and Broadcom up while power semis fell. Semiconductors started strong but ended mixed.</li>
<li>Japanese homebuilders with large US exposures may be strong. 6146 Disco expected to dip. Intuitive Surgical rose 5% on strong 2Q results, which could positively impact 6988 Sysmex. </li>
</ul>


The market had mixed results with SOX +0.51%, Nasdaq -0.7%, SPX -0.78%, and Russell -1.85%. UST10 yields rose 1.07% to 4.2%, and the yen weakened to 157.36. 
Commodities saw copper -2.6%, nickel -0.2%, and Brent crude -0.34%. Tech stocks varied, with Monolithic Power and Broadcom up while power semis fell. Semiconductors started strong but ended mixed.
Japanese homebuilders with large US exposures may be strong. 6146 Disco expected to dip. Intuitive Surgical rose 5% on strong 2Q results, which could positively impact 6988 Sysmex. 


Japan Morning Connection – 19 July, 2024

<ul>
<li>DOW +0.59%, Russell -1.06%, SPX -1.39%, Nasdaq -2.77%, SOX -6.81% as investors shifted from growth to value stocks. UST10 was flat at 4.16%, and the yen strengthened to Y156.18.</li>
<li>Commodities were mixed with copper -0.3%, nickel -0.83%, and Brent +1.72%. Energy and consumer staples rose, with VSF +13.6% after Essilor Luxottica agreed to buy Supreme. US homebuilders lost ground. </li>
<li>Tech stocks fell sharply after ASML's earnings missed estimates and news of potential US export restrictions to China. Focus on SPE names with high China exposure as shorts.</li>
</ul>


DOW +0.59%, Russell -1.06%, SPX -1.39%, Nasdaq -2.77%, SOX -6.81% as investors shifted from growth to value stocks. UST10 was flat at 4.16%, and the yen strengthened to Y156.18.
Commodities were mixed with copper -0.3%, nickel -0.83%, and Brent +1.72%. Energy and consumer staples rose, with VSF +13.6% after Essilor Luxottica agreed to buy Supreme. US homebuilders lost ground. 
Tech stocks fell sharply after ASML's earnings missed estimates and news of potential US export restrictions to China. Focus on SPE names with high China exposure as shorts.


Japan Morning Connection – 18 July, 2024

Independent Insight Provider, Ortus Advisors

I have been trading Japanese equities since 2004, and have worked for a number of firms in Tokyo, HK and Singapore. For the last few years I have been primarily focused on developing a propietry long/short relative value sector neutral strategy for the TPX500, taking advantage of the sector depth and liquidity which only Japan has to offer in Asia.

Andrew Jackson
Independent Insight Provider
• Ortus Advisors

Japan Morning Connection – 19 July, 2024

Tech stocks varied, Japanese homebuilders with US exposure expected to be strong, Pharma took a big hit while Intuitive Surgical climbs.

Andrew Jackson

Japan Morning Connection – 18 July, 2024

Investors shift from growth to value stocks, tech stocks fall on ASML earnings miss and US export restrictions to China, VSF surges after Essilor...

Andrew Jackson

Japan Morning Connection – 19 July, 2024

Tech stocks varied, Japanese homebuilders with US exposure expected to be strong, Pharma took a big hit while Intuitive Surgical climbs.

Andrew Jackson

Japan Morning Connection – 18 July, 2024

​Investors shift from growth to value stocks, tech stocks fall on ASML earnings miss and US export restrictions to China, VSF surges after Essilor...

Andrew Jackson

Investors shift from growth to value stocks, tech stocks fall on ASML earnings miss and US export restrictions to China, VSF surges after Essilor...