Monster squeeze won't stop: most shorted stocks up 24% since March 30
Source: zerohedge
DOGE was more effective than many recognize in reducing the size of the government.
Source: TME
Hedge funds started off April with a strong recovery following March’s losses
-Point72 gained 2.4% through April 9, bringing YTD gains to 6.3% -Millenium gained 2.3% through April 10, bringing YTD gains to 3.2% -Jain Global gained 2.4%, through April 10, down 2.7% YTD -Verition gained 2.4% through April 10 Source: Negligible Capital
South Korea's import costs are surging at a pace not seen in nearly 30 years.
Import prices jumped +16.1% MoM and +18.4% YoY in March, the largest monthly spike since January 1998. This comes as Dubai crude oil prices nearly doubled in a month, to an average of $128.52 a barrel, while the Korean won weakened -2.6% against the US Dollar over the same period. As a result, raw material import prices, including crude and other mining products, rose more than +40% MoM, with oil-related products such as naphtha and jet fuel amplifying cost pressures for manufacturers. Higher import costs will filter through to consumer prices over time, eroding household purchasing power and dragging on domestic demand and economic growth. Source: Global Markets Investor
Over $6.6 TRILLION was added to the US stock market in just 12 trading days.
The S&P 500 is up 11%, adding $6.4 trillion to its market cap. The Nasdaq is up 15%, adding $5 trillion. The Russell 2000 is up 13%, adding $389 billion. The S&P 500 hit a new all-time high today, in the middle of an active war. Source: Bull Theory
The IMF's growth forecasts are out.
Qatar seems to be the worst hit from the Middle East War, with recovery set for 2027. Source: Statista
S&P 500 $SPX is back at highs, but the character of the move is shifting.
What began as forced buying is now turning into chasing, with vols firming and positioning getting crowded again. This is where things get more complicated. Source: LSEG Workspace, TME
A legend just passes away.
Mark Mobius put emerging markets on investors' radar with on-the-ground insights. I had the privilege to meet him. He was a true gentleman and a source of inspiration for generations of investors.
