@MashReez I humbly submit I may make money from the markets professionally but I have no idea why it does what it does.
My intuition + skills only get me so far. I study it so I can surf the waves it makes. I fall off the board A LOT but I always want to get back on + try to stay on.
I’m betting on it actually 😉
So don’t be on of those caught napping with an inverted board Wednesday if the market keeps dropping.
About that surprise GDP print for Japan...
The only segment increasing was net export contribution. EVERYTHING that matters was down.
Since we're on this rant, let's take some time to look at that curious case of 📈GDP for Japan, yes it rose 2.1% qoq saar:
Domestic demand 📉(private demand 📉; consumption 📉; investment 📉; capital investment 📉; public demand 📉; overall investment📉; exports 📉& imports📉🙄 2
Korea needs China/Inports.
China Semi contraction severe.
US Chip companies to suffer.
$SMH $QCOM $MU $QRVO
Good morning🦋 Korea 1st 20-day of exports FALL -11.7% YoY Y semiconductor exports CONTRACTED -33%.
That said, there is some silver lining - car exports rose +12.6%.
No V-shaped recovery here. Contraction deepening & it's not just Korea - Taiwan warned us that May'll be worse🤢