Japanese companies profits are surging
but that's not translating into rising domestic wages, keeping a lid on domestic inflationary pressures, and allowing easy monetary & FX policy to persist. The main winners are japan equity investors. Source: DB, Bob Elliott, The Daily Shot
The valuation gap between the S&P 500 $SPX and the rest of the world continues to widen
Source: FT, Barchart
China stocks cbear market continues unabated
As Hong Kong’s Hang Seng index tumbled 3.06% afterweaker than expected GDP numbers were released, while China’s CSI 300 index shed 0.73%. Meanwhile, AMC Nomura Nikkei 225 ETF went limit up today after Chinese traders ignored warnings to avoid chasing gains in Japanese Stocks. This ETF trades with a 9.5% premium over its net asset value... Source: Bloomberg, Barchart
The silent bullmarket...
Global mutual funds' active weighting of Japanese stocks has not risen in the past six months. Source: TME, Factse
More and more companies are staying private for longer, avoiding IPOs until much later in their growth cycle (if they get there at all).
Source: Markets & Mayhem
The current macro environment across global equity markets presents a sharply divided investment setup for 2024 and the remainder of the decade.
Source: Tavi Costa
India stock market cap crossed $4 trillion for 1st time!
Source: Win Smart
60% of S&P 500 stocks are showing a positive correlation with U.S. Bonds. Most since 2001.
Source: Win Smart, SG, Bloomberg
