Last quote by Hikaru Sato
Hikaru Sato quotes
The market is not overly cautious, but it cannot price in a Clinton presidency completely.
Since many of the U.S. August economic data were poor, investors are cautiously focused on September figures.
Some market participants had betted that the Fed may raise a U.S. rate as early as this month, but because of the weak ISM data and poor U.S. auto sales, such expectations seemed to have changed.
The market will likely stay weak throughout the day, though expectations for the BOJ's ETF buying may limit the downside.
If the market is in negative territory in the morning session, there are hopes that the BOJ will buy ETFs in the afternoon.
What the market wants now is both fiscal and monetary policy and such expectations are getting higher.
The market is easily swayed by conflicting headlines on tax hike and fiscal measures.