The Performance of the Nikkei in August

The media narrative was that China was going to have a major rebound because they were finally opening from their draconian COVID-19 shutdowns. And you look now, you look at how their stock market has stumbled, how their economy is in shambles. So there's definitely problems with both the two largest exporters, China and Germany. Even if you look at Japan, which up until recently, everybody was piling into Japanese equities earlier in the year Warren Buffett had talked about investing in Japanese banks and investment firms. But as we get into August, look at the performance of the Nikkei. It looks like it had a double top.