December 1, 2023

LOCKED Japan Update: Quarterly Corporate Report Shows Record Earnings, Improved Capex

Quarterly Corporate Report Shows Record Earnings, Improved Capex
October Unemployment Falls to 2.5% as Hiring Improves
October Production Index Higher
Rengo Officially Calls for 5%-Plus Wage Hike
Suzuki Urges Companies to Use Excess Cash Flow to Fund Wage Hikes, Capex
Questions Arise Over Abe Faction Fund Raising
DPFP Members Leave to Start New Party, Seek Cooperation with Isshin No Kai
How Will Japan’s Money Market React to Ending NIRP?
Semiconductor Production Equipment Sales to China Hit Record
Price of New Ships Hits Fifteen Year High

December 1, 2023

Thoughts From The Divide: Umbrellas

“You can then start lowering the policy rate just because inflation is lower” While one wouldn’t expect Fed governor Waller to pop champagne and do

December 1, 2023

LOCKED MI2 Trader: Using the Swings

This week in a couple of pieces, we have laid out the case that (while delicately balanced) our work models suggest that far from Goldilocks, the US economy is still running “too hot”, financial conditions too easy and thus this remains a traders’ market. With that backdrop in mind, today we want to address technical opportunity and sentiment, as succinctly as we can.

December 1, 2023