France has always missed its fiscal deficit forecasts
France has the highest tax burden in Europe, so cannot increase taxes without throttling growth. Spend is mostly pensions & local governments And with political paralysis there won’t be any structural reforms. Is a fiscal crisis looming? Source: Michel A.Arouet, Oxford Economics
HedgeFunds are buying Chinese Stocks at the fastest speed in history
Source: Barchart
geopolitical risks are not going away anytime soon...
Lockheed Martin $LMT soars to all-time high 📈 Source: Barchart
gold explained in one hashtag
Source: Wall Street Silver
Chevron Rebounding from Major Swing Support Zone
Chevron (CVX US) has consolidated 28% since its November 2022 highs! It recently tested the major support zone between 132-138 and has now rebounded. We are seeing increasing demand—keep an eye on it. Source: Bloomberg
Sometimes things come at you fast: MSCI China now outperforming MSCI USA year to date
Source: Louis-Vincent Gave, Gavekal
😱Yesterday's China equity market performance in one chart !!!
Below is a heat map of today's returns of the 2,230 stocks which belong to the Shanghai Composite index... Not a single one was down (the worst one was actually flat). And 10 stocks gained more than 20%... Source: Oktay Kavrak, CFA
STILL BREAKING 🚨 China Short Sellers
This just got exponentially worse for Hedge Funds shorting Chinese stocks! Source: Barchart
