UBS On-Air: Paul Donovan Daily Audio 'Ignoring economics'
UBS On-Air: Market Moves · Podcast owner
August 6, 20242m 29s
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Show Notes
The Japanese equity market is behaving with all the decorum and rationality of someone dancing the Hokey Cokey at a family wedding at two in the morning. Economic fundamentals are not driving equity prices—no economic data justified yesterday’s 12% plunge, nor today’s 10% rally.