India copper consumption
Source: USGS
Meanwhile in China...
What if China starts doing to US "tech champions" what China did to US Rust Belt "industrial champions", US unions, & the US working class 2001-10? Source: Bloomberg / Luke Gromen
Demographics of two Asian heavyweights. Which country would you like to invest?
Source: Michel A.Arouet
Hong Kong growth beat estimates by the most in 13 years in the first quarter.
Source: David Ingles, Bloomberg
Bearish Bets against the Japanese Yen rise to highest level in AT LEAST the last 18 years 🚨
Source: Barchart, Bloomberg
It's clear, Japan is intervening to support the Yen:
Twice this week, we saw the Yen fall to its weakest point against the US Dollar since 1990. This was the first time in 34 years that 1 US Dollar converted to 160 Yen. Immediately after the Yen neared 160 twice this week, we saw a steep drop in the conversion rate, strengthening the Yen. The BOJ reported Tuesday that its current account will fall 7.56 TRILLION YEN, or $48.2 billion USD. This was clearly due to intervention equating to 5.5 trillion Yen, which we last saw in 2022 and 2011. The third largest currency in the world is in trouble. Source: The Kobeissi Letter
Looks like Japan is coming in hot with their second FX intervention.
Source: Lyn Alden
Chinese Stocks enter technical bull market after rallying 20% off the Jan 22 low
Source: Barchart
