[Tokyo 26th Archyde.com]-
The trend of falling stock prices after the Federal Open Market Committee (FOMC) meeting in September has not been able to find an opportunity for a reversal.
The bond market is pricing in a policy interest rate hike, and it is possible that the rise in US interest rates will come to a halt soon.
Stock prices are likely to fall sharply in the early stages, as there is concern about overkill, where excessive monetary tightening leads to an economic recession. If it is confirmed that corporate earnings and the economy are not so bad, stock prices may reverse, but it will take some time to find out. The stock market may suffer in October.
It is difficult to imagine a one-sided decline as the market is in a critical phase. If the price falls below the lower end of the range of 26,000 yen from early spring, it will be overdone, so buying on the dip may become a support.