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Podcast: Market Depth
Episode: Japan's Market Crash Flashes Warnings For Global Markets
Description: The sustained and incredibly resilient Japan equity rally crashed today - despite broader indices left relatively unscathed (although S&P E-Mini futures also followed Japan indices sharply downward during Asia hours). Why did this occur, and what does it mean for the world's favorite and best performing market, as well as broader markets globally?Weston Nakamura breaks down the three sell-catalysts from the day: Chinese exports data that came in weaker than expectations, the -7% plunge in the Turkish lira, and officials in parliament discussing the unwinding of Bank of Japan's 37 trillion yen worth of...