In today’s briefing:
- Profit Opportunities in the Coming Global Recession
- Top 20 Best Performers in KOSPI (Week of 6 May)
- Making Sense of the H&S Breakdown
Profit Opportunities in the Coming Global Recession
- A survey of the world economic outlook shows the increased risk of a global recession.
- An analysis of the global regions indicates the U.S. is no longer a safe haven in the latest downturn.
- Relative valuations of non-U.S. markets have converged and the best opportunity is appearing in non-German eurozone.
Top 20 Best Performers in KOSPI (Week of 6 May)
- This is the first weekly series on the “Top 20 Best Performers in KOSPI Adjusted for Trading Value & Mkt Cap.”
- This Korean weekly is aimed at providing a better framework for spotting the big potential winners in the Korean stock market as well as changing sectoral and company trends.
- These 20 stocks are up on average 13.9% from 28 April to 6 May, significantly outperforming KOSPI which is down 0.9% in the same period.
Making Sense of the H&S Breakdown
- Our assessment of the bull and bear debate is really a debate of differing time horizons.
- The bullish factors are mainly short-term in nature, while bearish factors tend to be more intermediate term.
- Our base-case scenario calls for a short-term bottom and a bear market rally of unknown magnitude, followed by a greater decline into an ultimate low in the coming months.
Before it’s here, it’s on Smartkarma
