Goldman Raises MSCI China Target as DeepSeek Improves Outlook - Bloomberg
Strategists at Goldman Sachs Group Inc. expect a blistering rally in Chinese equities to continue, as the emergence of DeepSeek sparks optimism over the country’s technological advancements. Kinger Lau and his colleagues see the MSCI China Index reaching 85 over the next 12 months, up from their previous target of 75. That indicates another 16% rise from Friday’s close. The index has already entered a bull market earlier this month. Their target for the CSI 300 Index was raised to 4,700 from 4,600.
In Germany, a ceasefire in Ukraine would add just 0.1ppts to Germany’s economic growth
—only half the boost expected in France, Italy, or Spain, according to Goldman Sachs. The reason? Germany would face a bigger economic drag from the return of Ukrainian refugees. Source: HolgerZ, Goldman Sachs
WOW. Washington DC's economy looks like 2008:
Unemployment filings in Washington DC just SURGED +36% in one week to 3 TIMES the 2024 average. Over the last 6 weeks, unemployment filings are up +55%, now ABOVE 2008 levels. Since January 20th, over 4,000 federal employees have filed first time unemployment claims in Washington DC. Furthermore, the year-to-date total has hit nearly 7,000. That's a whopping +55% increase over the previous 6 week period. Last week alone, claims surged +36%. Source: The Kobeissi Letter
ServiceNow Reaching 1st Key Level
ServiceNow (NOW US) has consolidated 19% since its January high, but the stock remains in a bullish trend. The consolidation that started last December is now approaching the first interesting imbalance zone between 964-1004. Another level to watch is the 50% Fibonacci retracement at 918. Keep an eye on these levels for potential opportunities. Source: Bloomberg
It's been awhile since the US S&P500 $SPY has been in the bottom half of country ETF performance.
That's where it is YTD though. Europe has been flying in 2025. Source: Bespoke
Gold consecutive weekly gains
Source: Win Smart
Gold has officially hit the highest level EVER on an inflation-adjusted basis
This is why they call Gold an inflation hedge. Source: Bravos Research
Discipline
Source: Seek Wiser
