Japanese stocks are on a roll thanks to the so-called “Takaichi rally”, as reports that PM Sanae Takaichi might call a snap election boost hopes of stronger fiscal support and tech-focused policies. The Topix is leading the charge, with tech and defense names stealing the spotlight.
Meanwhile, US futures are treading water, caught between political pressure on the Fed, a softening dollar and questions about how far rate cuts could go without stoking inflation. The weaker greenback helps US equities in nominal terms, but non-US investors are starting to feel the currency drag. Waning appetite in USD and other major currencies support gold and silver in the context of the ‘debasement trade’ and there is no reason that the latter would stop anytime soon!
Watch the full episode to find out more!
Intro
0:15 Fed concerns, and examples of central bank bullying
4:31 Debasement trade continues
5:37 S&P500 at record BUT...
7:01 Focus on US CPI and Big Bank earnings
8:34 The Takaichi rally










