US and EM equities are firm, but yields, real estate and Japanese assets remain fragile. Yen strength and policy-event risk keep this from becoming a broad risk-on signal.
How to read:
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@w18notes.bsky.social
@w18notes.bsky.socialUS and EM equities are firm, but yields, real estate and Japanese assets remain fragile. Yen strength and policy-event risk keep this from becoming a broad risk-on signal.
How to read:
w18notes.com/en/pressure-...
@w18notes.bsky.socialUS and EM equities show relief, but bonds and real estate stay weak. Japan remains under pressure, yen-tail risk is elevated, and crypto liquidity is fragile. Not broad risk-on.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialUS yields remain the clearest pressure. Europe and Japan are weak for different reasons; US/EU equities bounced, while EM and BTC stay relatively firm. Still fragmented, not broad risk-on.
How to read:
w18notes.com/en/pressure-...
@w18notes.bsky.socialRates and real estate stay weak, while equities are mixed and Bitcoin resilient. US/Japan bond news lacks price confirmation. Not broad risk-off.
Late due to my day job; site updated around 20:30 JST.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialOil strength is rising alongside pressure in US/European rates and real estate. But the oil-to-inflation-to-broad-selloff chain is not confirmed, and Japan is not a proven haven.
How to read:
w18notes.com/en/pressure-...
@w18notes.bsky.socialWestern rates and real estate stay under pressure, while Japan, EM and commodities retain relative firmness. The co-movement is clear; the cause isn’t. Not broad risk-off.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialCrude-led commodities stay firm, while Europe, long-duration rates and real estate remain weak. Yen strength persists, but this is selective pressure—not a confirmed synchronized risk-off move.
Notes:
w18notes.com/en/notes/tok...
#W18Notes #Macro #Markets
@w18notes.bsky.socialCommodities and EM equities stay firm, while Europe and rate-sensitive assets remain weak. This is fragmented stress, not a synchronized policy shock.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialJapan and real estate remain under pressure, while oil and selected EM assets retain price strength. Yen strength is clear, but its cause remains unresolved. This is a fragmented market, not broad risk-on.
w18notes.com/en/notes/tok...
#W18Notes #Macro #Markets
@w18notes.bsky.socialRate-sensitive assets stay heavy, while EM and oil remain firm. Yen strength and Japan equity weakness are visible, but causality remains unresolved. Not broad risk-on.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialYen strength stands out, while European bonds and global real estate remain weak. This looks more like yen-specific repricing than broad dollar weakness. Commodities stay firm; crypto is softer.
Notes:
w18notes.com/en/notes/tok...
#W18Notes #Macro #Markets
@w18notes.bsky.socialRates and real estate stay under pressure, while EM and commodities remain selectively firm. No single driver explains this fragmented market.
System error delayed today’s update.(22:00JST)
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialWeek-ahead starts with US markets closed. Rates and real estate stay heavy; EM, commodities and crypto retain selective momentum. With traditional havens less reliable, this is not broad risk-on.
w18notes.com/en/notes/tok...
How to:
w18notes.com/en/pressure-...
#W18Notes #Macro #Markets #FX #Rates
@w18notes.bsky.socialRates and real estate remain heavy, while crypto, commodities and EM stay firm but unconfirmed. Weekend strength is not yet broad risk-on; reopening may test correlations.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialRates and US/EU real estate remain under pressure, while yen and crypto stay relatively firm. Higher rates are not translating into broad dollar strength. A split market heads into the week ahead.
@w18notes.bsky.socialEquities haven’t fully broken, but DM rates and real estate are already weak. JPY/JGB divergence and oil-led rates pressure keep the week-ahead map defensive.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialJPY strength and USD weakness lead, but bond confirmation is incomplete. US/EU real estate and credit stay fragile, while commodities remain firm.
Late post — the site was updated around 20:30 JST.
Notes:
w18notes.com/en/notes/tok...