東京CPIの予想以上の上昇を受け、日経平均は早朝に急落。ライフジャケットの争奪戦は近いか_2025/3/28相場雑感

東京のCPIを受け、日経平均は早朝から急落。日経VI20天井は昨年12月から変わらず、日本株へのマネーフローは発生しない状況。EPSモメンタムも再度弱くなり、円安株高とはならずの状況。株は買えない状況で経済不安、地政学リスク、インフレから金の独歩高。スタグフレーションの懸念強まりつつあり、ライフジャケットを取り出すタイミングを精査か。 ___ Following Tokyo's CPI release, the Nikkei index saw a sharp drop early in the morning. The Nikkei Volatility Index (VI) remains capped at 20, unchanged since December of last year, reflecting a lack of money flow into Japanese equities. EPS momentum has weakened once again, and contrary to expectations, yen depreciation is not translating into a stock market rally. With stocks being virtually uninvestable in the current scenario, concerns over economic instability, geopolitical risks, and inflation are driving gold to a solo rally. As fears of stagflation grow stronger, it may be time to carefully evaluate pulling out the "life jacket."