Daily strategy (0903 Thu)
- What to look for
- You can see a shift in perspective that acknowledges the limits of prediction, given that even the same numbers are interpreted differently, and moves toward responding after checking the market.
- Why it matters
- This helps you learn to recognize structural pressure from interest rates and capital supply, and the conditions for shifting to a conservative approach, such as abandoning expectations of a September (month 9) rebound and stopping new purchases.
AI summary
The perspective is that prediction is inherently difficult because market participants judge prices differently even when looking at the same numbers, and that rather than fitting the market into one's own logic, one should check its actual movements every day and respond. The assessment is that the recent market is under structural pressure from rising interest rates and doubts among providers of capital, rather than from particular news, and that uncertainty about recouping AI investment, government debt, and the burden of government bond issuance are weakening risk appetite. Accordingly, the previous strategy of increasing purchases in anticipation of a September (month 9) rebound is being withdrawn in favor of a conservative approach: stopping new purchases and averaging down, reducing some profitable positions, and waiting to see whether the market stabilizes.