Asia biased macro & technical analysis, Untying The Gordian Knot

Untying The Gordian Knot

Asia biased macro & technical analysis

A differentiated process with a primary focus on Asia. Technical Analysis as core and Macro drivers that could bring the view to fruition & changes that could make the idea fall apart. The objective is to be the best in class, hence corner shop.

Macroeconomics

<ul><li>The Asian Dollar Index is down (US Dollar up) 1.7% from 1st -13th February.</li><li>After the initial excitement of China reopening accelerating after the LNY holidays, the CNY weakened by 1.7%, and Yen weakened by nearly 3% during the same period in February.</li><li>The Bloomberg Dollar index is up 1.78%, and the DXY index is up 2.57%.</li></ul>

The Asian Dollar Index is down (US Dollar up) 1.7% from 1st -13th February.After the initial excitement of China reopening accelerating after the LNY holidays, the CNY weakened by 1.7%, and Yen weakened by nearly 3% during the same period in February.The Bloomberg Dollar index is up 1.78%, and the DXY index is up 2.57%.

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

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Thematic (Sector/Industry)

<ul><li>The Union Budget 2023-24 lived up to all the market expectations, which was driven primarily by capital expenditure while simultaneously providing an adequate thrust to rural welfare and agriculture.</li><li>While the government successfully achieved the fiscal deficit target for FY23, it has now pegged a fiscal deficit target of 5.9% for FY24, which seems achievable.</li><li>This year’s Budget rightly focused more on Capex spending (to the tune of Rs 10 Lc Cr) with the government’s plans to provide a significant thrust to the country’s infrastructure development including impetus to the Roads, Railways, Airways, Ports, Mass Transports, Waterways, and Logistics Infra development.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The Union Budget 2023-24 lived up to all the market expectations, which was driven primarily by capital expenditure while simultaneously providing an adequate thrust to rural welfare and agriculture.While the government successfully achieved the fiscal deficit target for FY23, it has now pegged a fiscal deficit target of 5.9% for FY24, which seems achievable.This year’s Budget rightly focused more on Capex spending (to the tune of Rs 10 Lc Cr) with the government’s plans to provide a significant thrust to the country’s infrastructure development including impetus to the Roads, Railways, Airways, Ports, Mass Transports, Waterways, and Logistics Infra development.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

<ul><li>According to BeSpoke investment firm research, the top 10% of the most heavily shorted stocks are up an average of 36.3% so far this year.</li><li>This includes troubled retailer Bed Bath &amp; Beyond (BBBY) whose shares surged by more than 18% Thursday, a day after they missed a Feb. 1 interest payment and warned that it might file for bankruptcy within weeks.</li><li>Other stocks like online car dealer Carvana and any company which has anything remotely associated with artificial intelligence (AI) have seen similar spikes.</li></ul>

According to BeSpoke investment firm research, the top 10% of the most heavily shorted stocks are up an average of 36.3% so far this year.This includes troubled retailer Bed Bath &amp; Beyond (BBBY) whose shares surged by more than 18% Thursday, a day after they missed a Feb. 1 interest payment and warned that it might file for bankruptcy within weeks.Other stocks like online car dealer Carvana and any company which has anything remotely associated with artificial intelligence (AI) have seen similar spikes.

Research from Superfluous Value, Superfluous Value

Superfluous Value

Research from Superfluous Value

Stock selection has rarely been as important as it is today. After a roaring decade for US markets and with signs of mania everywhere, the S&P 500 as over-priced as it has ever been.

But, there is better way. Superfluous Value is a contrarian, deep-dive into the markets forgotten by the 60/40 instos and indexing, momentum chasers. Where the hot money has long moved on, it leaves behind investments offering great safety and prospective returns.

I believe the 2020s will look diametrically opposite to the recent past, with Emerging Markets, the UK, Japan and commodities set to rip and I intend to be holding the best opportunities available as they do.

Please feel free to come along on the journey.

Contrarian Deep-Dive into the Markets

<ul><li>Just a short pre-Christmas note today. A number of market pundits have been giving the all clear to jump back in the pool now that crypto has been nuked and Peleton et al are down 80%+.</li><li>Yes, those were bubbles of the more ridiculous variety, but the S&amp;P 500 is still dangerously expensive and growth stocks are not the sole reason.</li><li>Under the hood, the index is stuffed with mature industrial and consumer businesses still trading well above their historical norms.</li></ul>

Just a short pre-Christmas note today. A number of market pundits have been giving the all clear to jump back in the pool now that crypto has been nuked and Peleton et al are down 80%+.Yes, those were bubbles of the more ridiculous variety, but the S&amp;P 500 is still dangerously expensive and growth stocks are not the sole reason.Under the hood, the index is stuffed with mature industrial and consumer businesses still trading well above their historical norms.

<ul><li>“Fed economic projections published December 2021: In 2022 the Fed funds rate will be less than 1% &amp; GDP growth will be 4%.</li><li>In December 2022 the Fed funds rate is now 4.25% and 2022 GDP growth they now show is at 0.5%. Why is anybody still listening to these people?</li><li>Nobody is asking for perfection which is impossible, but the Fed has again, and they've done this multiple times including last year with inflation, produced forecasts not even remotely close to reality. Their forecasts are meaningless with zero predictive value.</li></ul>

“Fed economic projections published December 2021: In 2022 the Fed funds rate will be less than 1% &amp; GDP growth will be 4%.In December 2022 the Fed funds rate is now 4.25% and 2022 GDP growth they now show is at 0.5%. Why is anybody still listening to these people?Nobody is asking for perfection which is impossible, but the Fed has again, and they've done this multiple times including last year with inflation, produced forecasts not even remotely close to reality. Their forecasts are meaningless with zero predictive value.

United States

The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities and serves as the foundation for a wide range of investment products. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

S&P 500 INDEX (SPX INDEX)

The Butterfly Effect

After the initial excitement of China reopening accelerating after the LNY holidays, the CNY weakened by 1.7%, and Yen weakened by nearly 3% during...

Untying The Gordian Knot

Multi Asset Strategy - February 2023

While the government successfully achieved the fiscal deficit target for FY23, it has now pegged a fiscal deficit target of 5.9% for FY24, which...

Axis Direct

Weekly Stock Bullfinder - Week of 2/6

According to BeSpoke investment firm research, the top 10% of the most heavily shorted stocks are up an average of 36.3% so far this year.

Weekly Stock Bull Finder

The Bubble Isn't Where You Think It Is

A number of market pundits have been giving the all clear to jump back in the pool now that crypto has been nuked and Peleton et al are down 80%+.

Superfluous Value

Weekly Stock Bullfinder - Week of 12/19

In December 2022 the Fed funds rate is now 4.25% and 2022 GDP growth they now show is at 0.5%. Why is anybody still listening to these people?

Weekly Stock Bull Finder