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Macro Musings with Jim Leitner

The Market Huddle

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The Nikkei: A Multi-Year High

The Nikkei has been on fire. This is a multi-year high. I don't think it's an old time. But like when we made these 2021 and 22 highs on the Nikkei here, we saw just here on Friday when we were recording a break out ofmulti-year highs. Like now I don't like parabolic rises. Not like I'm saying we should start buying here. It'll be interesting to see whether the dip gets bought on this one as well. If crude oil fails here below $74.75 and let's say the jobs numbers start showing some sort of recession crack,. Well, this could quickly find itself back down to those may lows

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