"A column published on Toyo Keizai ONLINE" The anxiety disappears and it’s a full-scale rise!

Good morning, this is Matsushita.

Yesterday's NY Dow surged significantly,

rising over $300 from the historical high range.

In response to this, today’s Nikkei Stock Average

has risen by more than 200 yen for the first time in a while.

Especially for a market that had been consolidating until now,

the previous high of 19,615 yen on 1/5 was finally surpassed.

At the current time, more than 210 out of 225 stocks

are advancing, with all stocks showing gains compared to the previous day.

Yesterday, President Trump of the United States gave his

first Congressional address, and until then the market had

taken a cautious stance,

but there was no particularly large impact,

and the content of what he had pledged even before taking office

was reaffirmed.

First, in the Japanese market, during yesterday's trading hours,

there was a solid price movement,

and simultaneously in the foreign exchange market the dollar appreciated

as part of that movement.

With the U.S. time zone, the NY market rose further,

and as mentioned above, closed at highs after rising more than $300.

Furthermore, encouraged by that,

it has led to the current rise in the Japanese market.

When you look at the market step by step like this,

you can clearly see the psychology of the participants.

As long as you are an investor,

you must immerse yourself and choose your own risks

within this environment.

As the presidential address to Congress approaches,

the market has leaned toward cautiousness and is in a subdued phase.

However, among them, those investors who took risks

have earned the quickest and largest profits today.

This is the relationship between market psychology, risk,

and return.

The market seems to be moving somewhat aimlessly,

yet it progresses with a clear motive.

Within that environment, please become capable of choosing your own risk.