[2021.7.8.3] Market Review and Future Considerations
【Stock Price】
Yesterday's Nikkei average rose sharply by 497.43 yen.
The short selling ratio is 41.7%, down from 45.4% the previous day.
It is month-end selling followed by month-start buying.
As a hedge fund strategy, they buy U.S. stocks and sell the Nikkei average as risk hedging, so the Nikkei average is unlikely to rise.
If the number of coronavirus infections decreases and the economy starts to move positively, a rise due to short covering may be expected.
We anticipate a continued stagnation for a while.
Yesterday's Nikkei average rose sharply by 497.43 yen.
The short selling ratio is 41.7%, down from 45.4% the previous day.
It is month-end selling followed by month-start buying.
As a hedge fund strategy, they buy U.S. stocks and sell the Nikkei average as risk hedging, so the Nikkei average is unlikely to rise.
If the number of coronavirus infections decreases and the economy starts to move positively, a rise due to short covering may be expected.
We anticipate a continued stagnation for a while.
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