The Nikkei above 30000, 30 years later

New record-high levels on US equities as well as strong domestic GDP figures have pushed the main Japanese stock market index above 30000 for the 1^st time since 1990. The reflation trade continues to rule financial markets with the US 10 years up above 1.2%, a 12-month high, a move amplified by the sharp rise in oil prices, likely due to extreme cold weather conditions in Texas. The USD is weakening and the EUR/USD is now trading around 1.2140.