Feb. 6 at 1:20 PM
$PLTR I feel this is a bear trap for Monday considering on Feb 8th the news suggest Takaichi and the Liberal Democratic Party (LDP) are on track for a landslide. Takaichi’s platform involves increased government spending and support for a "normalizing" economy (higher interest rates). This could push Japanese government bond (JGB) yields higher. If Japanese yields become more attractive, Japanese investors may sell their U.S. Treasuries to bring money home. This would result in Higher U.S. Treasury yields usually hurt growth and tech stocks (like those in the Nasdaq), as higher borrowing costs make their future earnings less valuable today.
