Weekly Market Summary (2024/8/10-8/16)

・It can also be seen from IMM's speculator position that the yen overpurchase position has decreased drastically.

・Tensions between Iran and Israel are rising in connection with the assassination of Hamas supreme leader Haniya, and the market is reacting mainly to crude oil.

・VIX has fallen below 20, and the movement to search for the second bottom has also decreased.

・Prime Minister Kishida announced that he will not participate in the next presidential election. Politicians who are candidates have opinions about the Bank of Japan's interest rate hike, and this political material cannot be ignored.

・After the Japanese stock crash, a sense of weakness was created, and when I look at stock prices thereafter, I feel as if the 8/5 shock did not drag on.

・Retail sales and number of new unemployment insurance claims were strong results. Rather than excessive concerns about the US recession, it seems that attention is being drawn to how much excessive interest rate cuts will not be made even though there will be a recession.

・The price of gold in dollar-denominated spots reached an all-time high and broke through 2,500 dollars.

・Looking back, the Nikkei Average has risen by over 9%, and the daily chart forms a V shape.

Brand Name: Tokyo Topix Index
Last price: 2,678.60 5-day Chg: +216.90 5-day%Chg: +8.81%

Brand Name: Dow Jones Industrials Average
Last price: 40,659.76 5-day Chg: +1,162.22 5-day%Chg: +2.94%

Brand Name: S&P 500 Index
Last price: 5,554.25 5-day Chg: +210.09 5-day%Chg: +3.93%

Brand Name: Nasdaq 100 Index
Last price: 19,508.52 5-day Chg: +995.42 5-day%Chg: +5.38%

Brand Name: U.S. Dollar/Japanese Yen
Last price: 147.606 5-day Chg: +0.990 5-day%Chg: +0.68%

Source:

Performance data and financial results are Barchart.Com

Here's an excerpt from the blog post:

(In addition to the excerpts, there are contents such as weekly news, important indicators, financial results, etc.)