1 Oct 2024
😱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
27 Sep 2024
BCA's Marko Papic (@Geo_papic) sees Chinese monetary & fiscal stimulus as a "fairly big deal": "This is Beijing’s 'Whatever It Takes' moment.
Effectively, Beijing has reached a point where the policy focus shifts from guarding against moral hazard to guarding against political risks." He bets, that we are at the start of a major rotation out of US assets. Source: HolgerZ, Bloomberg
26 Sep 2024
China shorts are "ALL-IN".
Even more than at *the* Bottom. Source: Macro charts
26 Sep 2024
Xi's economic adrenaline shot is only buying China a little time
Source: Bloomberg
