China reported record levels of silver imports.
Source; Tavi Costa, Crescat Capital, Bloomberg
BREAKING: China
Chinese Home Prices declined by the largest amount in history last month Source: Barchart
Michael Burry has made Chinese Internet Stocks his biggest holdings
His #1 holding is Alibaba which was worth $11.2 million at the end of the last quarter. Source: Barchart, CNBC
The scariest China chart
Source: TS Lombard, Bloomberg, Win Smart
Copper Inventories have jumped to the highest level in more than 4 years signaling weak demand in Asia!
Source: Bloomberg, Barchart
Bank of Japan owns ~80% of the country's ETFs and 7% of the entire Japanese stock market, according to Morningstar and the Tokyo Stock Exchange data.
Moreover, the BoJ holds ~55% of the Japanese government bonds. Huge distortions 👇 Source: Global Markets Investor
Japanese stocks are trading at a reasonably low PE of 13.17 after the recent drawdown
Source: Bloomberg, Markets & Mayhem
BREAKING: Container shipping costs from China have spiked to their highest levels since 2022
Since the beginning of 2024, shipping rates have more than TRIPLED. It now costs ~$9,000 to ship a 40-foot container from Shanghai to New York and ~$8,000 to Los Angeles. This has been driven by a sharp drop in Suez Canal transit volume, disruptions at some ports in Asia, and demand increase due to inventory restocking. Rising shipping costs should be considered as an upside risk to inflation. Source: The Kobeissi Letter
