Chinese stocks made up 24.7% of the MSCI Emerging Markets index by capitalization, down from 40% three years ago
Meanwhile, India's weight has doubled... Source: Gavekal
BREAKING: Chinese Equities
Chinese Stocks continue to nosedive and have fallen to their lowest prices in 5 years. Source: Barchart
Total return indexes - the long view
Source. Compounding Quality
There is significant dry powder on the side line...
In 2023, we saw very limited US equity inflows vs. $1.4 trillion in money market inflows. If the gap starts to close for real now and gains momentum in 2024 it is needless to say a very good support for equities. Source: Goldman
The Magnificent 7 have a higher weighting in the MSCI World Index than all of the stocks in the UK, China, France and Japan combined
Source: MSCI AllSpring Global Investments
Quartr just created this infographic that illustrates the 12 largest luxury companies by market cap
Four fun facts: → $LVMH's market cap is 50% larger than the bottom 10 companies *combined*. → $RMS is by far the largest single-brand company on the list, 3.5x the size of $RACE for example. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, and Bottega Veneta, $KER's revenue is "only" ~€20B, compared to Hermès' >€13B. → Tiffany & Co. got acquired by LVMH during the pandemic at a $16B valuation, which would place them at #7 on this list. Source: Quartr Activate to view larger image,
The pain trade in one chart: Most shorted US stocks gained 11.3% this week. Performance YTD now on par w/S&P 500
Source: Bloomberg, HolgerZ
The Fed just triggered the biggest stock-buying program since Nov 2022...
Source: Bloomberg, www.zerohedge.com
