Nikkei Futures up a Cool 8.3% From their Intraday Low Last Night

January 22, 2016
By Bryce Coward, CFA in Markets

There’s not much to say except that the markets were quite oversold. We detailed the oversold condition on Tuesday and Wednesday and tried to make the case that a bounce was likely. It appears we’re getting just that as the oversold condition is combining with central bankers from all around the world hinting at a coordinated easing.

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