Chinese stocks made up 24.7% of the MSCI Emerging Markets index by capitalization, down from 40% three years ago
Meanwhile, India's weight has doubled... Source: Gavekal
Failures as lessons
Source: Yasin Arafeh
The supply chain / 3inflation risk ahead of 2024. Red Sea is now largely closed to traffic
That's 8.8 million bpd of daily oil transit, and nearly 380 million tons of daily cargo transit. Global traffic now will be rerouted around Cape of Good Hope, adding 40% to voyage distance (and even more to cost) Source: www.zerohedge.com
Japan | BOJ Avoids Rate Hike Signal as It Stands Pat, Driving Yen Lower – Bloomberg
As expected, no change from the BoJ this morning on rates or the YCC. The vote was 9-0, in favor of no change. There wasn’t even a hint of change to the policy statement. No change in language around wages and inflation. The Japanese Yen weakened considerably on the initial press release. Nikkei 225 is up +1.5% Source: Ayesha Tariq, Bloomberg
BREAKING: Chinese Equities
Chinese Stocks continue to nosedive and have fallen to their lowest prices in 5 years. Source: Barchart
Global supply chain under threat after Iran-backed Houthi militants on ships in the Red Sea
We live in a world where geopolitical risks are playing a much higher role than during last decade. Current conflict in the Middle East is threatening global trade and suppy chain. These attacks by have already rocked global trade. And there could be more disruptions and price increases to come for shipments of goods and fuel. Several major shipping lines and oil transporters have suspended their services through the Red Sea as more than a dozen vessels have come under attack since the start of the Israel-Hamas war in early October.
Total return indexes - the long view
Source. Compounding Quality
Naval Ravikant
.
