I hurt my back when I did a yoga pose.
For the first time, I understood why there was a bar in the bathroom.




New York market
The volatility of the day is enormous.
Stocks and FX go up and down with data on prices and wages.
Fundamental trends don't change easily.
Large swings with a mix of short and long time frames by players. 




United States Average Hourly Earnings YoY:


The Dow is at the upper end of its range.
If it breaks above this point, it will enter a cautionary zone.

 


DJI is at the upper end of its range:

 

The spread between TOPIX and banks is narrowing.
It is worth working on if it gets to a 7% spread.
Rising rates in Japan will take time to benefit banks
But the trend of rising long-term rates will continue for a long time



TOPIX and banking sector returns diverge 19% over 1 month: