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BlackRock’s support for shareholder proposals on environmental and social issues has hit a new low in the 2023-24 proxy season
Source: FT
Record Short Position in 10-Year Treasuries
A short squeeze ahead? Hedge Funds have now built the largest 10-Year Treasury Future Equivalents short position in history. Note that Asset managers (long-only) have the opposite as they have built record long positions. Source: Barchart
Major retail stores are cutting prices to lure custormers as inflation soars.
Source: Foxbusiness.com
China names healthcare, education, tech as likely venues for more foreign investment
Source: South China Morning Post
L'Oreal Starting to Rebound on Major Support
L'Oreal has tested the major support zone of 372-390 over the last three weeks and has started to break out to the upside from that zone! The trend remains bullish. Source: Bloomberg
Goldman Sach's Head of Global Markets Scott Rubner believes the "pain trade" for US stocks is higher
Source: Bloomberg
Stock buyback tax would quadruple under Democrats' plan
Source: MarketWatch
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