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Is Japan About To Crash, Or Explode Higher?
Market Depth
The Divergence in the Nikkei to SPX
Last year in 2022, when equities everywhere globally were just getting pummeled down double digits, Japan was not getting destroyed. Even though the Nikkei and topics indices have indeed broken out to like 30 year highs recently, theNikkei to SPX ratio has not broken out to 30 year highs. In fact, the ratio chart just now is approaching a potential breakout level,. But it's not even quite there yet.
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