“It appears the battle will start tomorrow and investors are understandably taking a nervous stance. Investors are lightening up on long positions just as they did yesterday afternoon.”
“These stocks which usually benefit from a weak yen couldn't react to it yesterday because the overall market was dragged down by the falling banking sector.”
“The market's taking a bit of a rest . . . after recording new highs for the year in the past few sessions. The Nikkei is also finding it hard to sustain gains given the lack of buying in the broader market.”
“Investors are avoiding large-cap technology shares before Friday's SQ and GDP. Instead, they are picking up individual stocks that offer a special interest, such as biotech stocks.”
