Akane Otani
speaker
1,333 appearances
33 recordings
1 series
first heard Aug 2017
last heard Mar 2023
Akane Otani’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Investors Turn to 'Safety' Stocks to Score Dividends · 20 Sep 2018
podcast
So those two things combined, I think, make investors a little bit more reluctant to make these big bets because, you know, if you've done pretty well for the year, you kind of want to start trimming your big positions, maybe pull back a little bit on tech stocks, for instance, which have already done pretty well.
And so this is just sort of, I think, par for the course for this time of the year.
Yeah, and I think that's especially true when you look at what's going on underneath the market.
So, you know, the broader stock market continues to do really well, and it looks like the S&P 500 is close to hitting another all-time high.
But underneath, when we look at what are the sectors that are doing really well lately, it does suggest that there's a degree of trepidation, and especially with a lot of the sort of big questions still sort of unanswered with regards to trade and the midterm elections.
A lot of the folks that I've been talking to have said we're still going to be a little bit careful the next couple months of the year.
Thanks for having me.
That's right.
We have this thing in the markets called the Dow Theory.
And basically, it says that when we see transportation stocks setting new highs, usually it's a sign that the broader stock market will follow suit.
And the reason is that generally the things that move transport stocks higher have a lot to do with the U.S.
economy, how strong it's doing.
Because you have railroad operators, you have airlines, you have shipping companies, and their business relies on people paying to move goods higher.
and services across the country.
So a lot of people who look at the Dow Theory have seen the recent highs that we've seen in the Dow Jones Transportation Average as a bullish sign for the Dow Jones Industrial Average, which still hasn't passed its January all-time high.
Yeah, and it's quite impressive, especially because we have seen trade tensions hitting stocks elsewhere much harder.
For instance, we have major indexes in Hong Kong and Shanghai, both trading in bear market territory.
And particular groups of companies have been suffering, like aluminum companies and agricultural companies, things that people tend to associate with trade tensions.
But so far, the Dow Jones Industrial Average has really been holding up
Right.
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