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Trump Trades and the JAPAN Market Are Like Oil and Vinegar
David has highlighted this Insight as a Top Pick
1.7k Views23 Jul 2024 07:28
Boomeranged on Mon, 2 Sep 2024 18:33
We pointed out that Japan's semi industry may be at risk as part of the "Trump Trade" sentiment. It turns out that Biden has already thrown Japan's semi industry into disarray. Today China threatened economic retaliation against Japan if it further restricts sale and servicing of chip-making equipment. Beijing could restrict materials to Japan's auto companies, another sector we warned about.
SUMMARY
- Japan's markets have again failed to break to new highs creating a potential for a double-top pattern.
- Trump's policies which target lower interest rates and a weaker dollar will put pressure on Japan's markets as can be seen from the high correlation between the JPY and TPX.
- Sectors such as trading companies, autos and semiconductors could see the most pressure under a Trump presidency.
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