| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
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||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
MMFI for Nikkei 225 Index is an integral index created by MacroMicro for Japanese stock market. When it goes up, it means the fundamentals for Japanese stocks is looking good.
Components of Nikkei 225 MMFI include Japan Economic Momentum Index and Exports. Weight of each component might be adjusted according to the latest Japanese stock market conditions.
| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
|
||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
Japanese economic momentum index is based on Japan Composite Leading Index. Momentum index usually forms a head earlier than Nikkei 225 index does by 1 to 2 quarters. Composite leading index is released every month on the previous two months and gives investors an idea of the economic conditions in a couple of months ahead.
| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
|
||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
Preliminary estimate of retail sales for the month is released at the end of next month. Consumption contributes roughly 60% of Japanese GDP, so it's vital to Japanese economy. When retail sales YoY growth rebounds or turns positive from negative, it's a good time to invest in Japanese stock market.
| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
|
||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
Preliminary estimate of exports of the month is released in the middle of the next month. Exports contribute less than 20% of Japanese GDP, but strong exports can bolster Nikkei 225 index, of which the majority are multinational enterprises.
| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
|
||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
35% of machinery orders, released by Cabinet Office, are overseas orders and 40% are core machinery orders from private sector. Machinery orders indicate capital investment changes for the future 2 to 3 quarters. When it rises past zero, investors usually take long positions in the stock market.
| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
|
||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
TANKAN large manufacturing business conditions is released by BOJ at the first month of next quarter. BOJ surveys on manufacturers on their prospect of profit at the moment or in the future 3 months, whether it be optimistic, slightly pessimistic, or pessimistic. When its movement changes direction, the overall economic conditions changes, too. After 2010, business conditions of manufacturers are affected by the government's monetary and fiscal policies.
| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
|
||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
TANKAN large non-manufacturing business conditions is released by BOJ at the first month of the next quarter. BOJ surveys on non-manufacturers on their prospect of profit at the moment or in the future 3 months, whether it be optimistic, slightly pessimistic, or pessimistic. Non-manufacturing business conditions, however, are less sensitive to the overall economic conditions, but when both manufacturing and non-manufacturing business conditions rise above zero, investors tend to go long on the stocks.
| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
|
||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
Manufacturing PMI releases on the very first work day of each month. PMI is the most up-to-date economic indicator, and generally, it has a positive correlation with the stock market. As long as PMI stays above 50, the stocks still gets momentum. When either domestic or overseas demand slows down, manufacturing sentiment might fall off 50.
| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
|
||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
Nikkei 225 index is composed of 225 stocks traded in the first section of Tokyo Stock Exchange (TSE), where, excluding propreitary traders, 70% of the traders are foreign traders. It shows foreign funds are influential in Japan stock market.
Net purchase of TSE 1st indicates the foreign traders' sentiment towards Japan stock market. When net purchase is positive, it means traders are buying more than they are selling.
*Updates every Thursday
| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
|
||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
BOJ has been purchasing stocks and stock ETFS as part of its easing program. BOJ started buying mostly stock ETFs since the bank introduced QQE in 2013.
| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
|
||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
Yen movement and Nikkei 225 index have a clear positive correlation since 2002 (In this chart, Yen's upward movement suggests depreciation), because:
1. Exports and corporate profit benefit from depreciation of Yen, pushing stock prices up.
2. Interest rate is extremely low in Japan, so the financing costs of Yen are low, too, and traders like to borrow Yen to invest. Whenever the market is panicking due to economic tensions, Nikkei 225 index slides, and demand for Yen increases, because traders have to buy Yen to pay back their loans. Funds returning to Japan brings up Yen, and Nikkei 225 drops.
| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
|
||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
Yen and Nikkei 225 have a positive correlation, so JPY COT index can reflect Nikkei 225's movement.
JPY COT index = (CFTC JPY Futures) Speculators' net positions - Commercials' net positions
When COT index falls, it means big investors are long on US dollars and short on Yen, suggesting Nikkei 225 might rise.
| Registered Country | Commodity ETFs | Price | 1 Month | YTD | Expense ratio | |
|---|---|---|---|---|---|---|
|
|
||||||
| Vanguard FTSE Developed Markets ETF | $44.69 | -2.17% | -12.48% | 0.05% | ||
| Vanguard Total World Stock ETF | $89.98 | -6.16% | -16.24% | 0.07% | ||
| iShares MSCI ACWI ETF | $88.63 | -6.24% | -16.21% | 0.32% | ||
| iShares MSCI Japan ETF | $57.42 | 0.28% | -14.25% | 0.50% | ||
| FlexShares Morningstar Global Upstream Natural Resources Index Fund | $46.28 | 4.00% | 17.19% | 0.46% | ||
|
|
||||||
| Cathay Global Autonomous and Electric Vehicles ETF | $12.53 | -6.49% | -25.15% | N/A | ||
| CTBC Battery and Energy Storage Technology ETF | $12.74 | 9.45% | N/A | N/A | ||
| Fubon MSCI ACWI IMI Sel Fut Mobil Top 30 Cap ETF | $13.41 | -12.64% | -26.03% | N/A | ||
|
|
||||||
| #Equity-Region: Global Market #Equity-Region: Japan #Equity-Region: Developed Market excluding Japan | ||||||
TANKAN surveys all companies across industries on "employment conditions at the moment", with 0 being full employment, above 0 being overemployment, and under 0 being underemployment.
When the economy is expanding, companies need more labor force to increase productivity, and vice versa. So, Nikkei 225 and TANKAN employment conditions have a negative correlation.
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