Is a timing adjustment needed?: The upside is heavy
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Now, the theme this time isMarket Impressions.
The stock market on the 18th was steady, but at times it fell into negative territory compared to the previous day, showing a hesitant upward movement.
As of 10:20, it remains around about a 25 yen rise and at a slightly higher level.
As expected, the pace of the rise has been rapid, so even if the ascent continues, a correction is necessary.
If so, a correction can occur by price (becoming cheaper) or by time (more days pass).
Looking at the current indicator-related data
＜As of October 17＞
U.S. 10-year Treasury: 2.298%
Estimated EPS: 1430.99
PER: 14.91
U.S. 10-year yields have already fallen (prices) from 2.402%, so it does not seem like the yen and USD will move toward a stronger dollar further.
For Japanese stocks to rise from here, expected EPS would need to rise further.
Therefore,it will be necessary to evaluate the content of the earnings reports daily toward the end of the month.
If expected EPS rises to 1500, 22,000 could also be possible.
On the other hand, if expected EPS does not rise any further, perhaps the current P/E ratio of about 15 times is already at its limit?
Note) The above reflects my personal views and is intended only to improve financial literacy. Therefore, it is not created for investment solicitation. The final investment decisions should be made by the individual at their own responsibility.
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