The Yen Drag
I thought this chart was interesting. It shows how much better the Nikkei Index has done than the iShares MSCI Japan Index ($EWJ) which is, of course, denominated in dollars. Japanese stocks are indeed doing well but devaluation explains some of it, though not all of it.
Posted by Eddy Elfenbein on February 12th, 2013 at 7:07 pm
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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TSLA and MSFT both -4% AH
ATHs today for JPM, MS and BK
today's newsletter https://cws.substack.com/p/cws-market-review-january-28-2025
Nice earnings from Stryker. $4.01 vs 3.87 est.
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 