I don't think the market was expecting this ... Now it looks like many investors are expecting just one more interest rate rise, in May.
More Quotes from Katsuhiko Kodama:
The market lacks the kind of trade volume needed to push it higher.Katsuhiko Kodama
The Nasdaq will probably rebound tonight because of Yahoo and investors started factoring that in at the start, but there wasn't enough follow-through buying in high-tech and Internet shares,
Katsuhiko Kodama
After rising more than 700 points in just three days, I think it can't be helped if we see some investors locking in some gains.
Katsuhiko Kodama
Confidence over an end to deflation keeps luring investors to bank shares. Buying of steel stocks falls into the same kind of category, that is one where investors bet on the domestic demand.
Katsuhiko Kodama
Of course the market is still very focused on high-techs and information technology-related issues, but today we saw a bit of buying in other sectors.
Katsuhiko Kodama
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