June 11, 2019 As expected, a stock-specific approach to materials shares is effective! [From Tomoharu Sugimura's newsletter]
From the investment email newsletter "Sugimura Tomo's Investment Salon" by Sugimura Tomo provided by GogoJungle, here is a small excerpt from the one distributed today.
However, what the author is concerned about is the course of the U.S.–China trade negotiations. The market seems to take it lightly, saying this marks the beginning of a “new East-West Cold War structure,” but that is a mistake. After all, during the Cold War, the bilateral trade between the Soviet Union and the United States was only about 2 billion dollars per year. Now, U.S.–China trade exceeds 700 billion dollars annually, about 2 billion dollars per day. Moreover, this is a conflict between the number one and number two economic powers. It cannot be said that the impact will be minor. That is why I advocate “proceed with caution for the near term.” Also, the Nikkei Stock Average has reached the lower boundary of the Ichimoku cloud (21,300–21,800 yen). In the short term, this is a critical moment. With trading value under 2 trillion yen (TSE First Section), it may be difficult to break through this heavy rebound selling zone.
“Sugimura Tomo's Investment Salon” (Sugimura Tomo)quoted.
On June 10, President Trump mentioned additional tariffs, and the出口 for the U.S.–China issue still has not become clear. Isn’t it important to prepare for risk after all? (Editorial staff)
