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The Trends in the US Equity Markets
The Nikkei is indeed leading price direction in today on the NDX index, but not every day. That's because market breadth in the US equities is so narrow that literally just a handful of single stocks are moving only the NDX higher. The data up to the last Wednesdays was when tech finally saw its like first outflows. Last week was also a rough week for Nikkei relative to that one directional upwards move since this started two months back.