August got off to a disjointed start, largely as a function of the sound and fury around the heavily revised payroll data. Below, I parse the data and signals we can glean from a more comprehensive appraisal of the situation.
A few weeks ago, we sent you a piece outlining that after a clean sell signal in the equally weighted S&P (SPW) in May (5- and 20-week moving averages break below the 50-week), the subsequent recovery of the market left us at a critical decision point.
More content for you in an easily digestible format! The Japan News Weekly Digest is our weekly summary of the Japan Update. This piece encapsulates and references the Japan Updates published in the last week so you can easily understand what you may need to dig into.
As a quick reminder, the Japan Update, our market commentary piece, is uniquely sourced from Japanese language publications. Published 10-15 times a month and written by Jeff Uscher, a Western educated and US located, fluent Japanese financial writer. You can always sign up to receive the Japan Update when it is initially published in your account notification settings. As always, please reach out with any questions or comments!