AKG weekly charts - Issue #101
This newsletter is a weekly selection of 10 charts hand-picked across the internet which pertains to our investment strategy and bring an updated insight and perspective.
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[1] A super-charged two-year rally, which saw Chinese spot lithium carbonate prices rise by tenfold, went into brutal reverse over the first part of this year. The spot price slumped by 70% between November and its low point in April.
[2] Over the last ten years, storage increased by an average of +612 TWh from April 1 to the post-summer peak, with annual accumulations ranging from +468 TWh (2014) to +779 TWh (2022). Europe’s storage capacity limit implies it only has room to add one of the smallest volumes of gas in the last ten years.
[3] The emerging markets and developing economies are expected to account for around 80 per cent of the global growth this year and the next. Of this, India alone is expected to contribute over 15 per cent.
[4] Credit conditions for U.S. business and households continued tightening in the first months of the year, according to a Federal Reserve survey of bank loan officers, but the results seemed to mark the accumulating impact of Fed monetary tightening rather than the cliff-like decline in credit some feared after the March collapse of Silicon Valley Bank.
[5] If you take Dax Price Index, which like S&P 500 does not including dividends, then index trading at 2000 level, so there have been no price gains to be made with German blue chips in past 23yrs. The manufacturing sector is in doldrums. The ATH is a faux-play.
[6] US bank deposits fell for 3rd week to lowest level in ~2yrs, extending yearlong slide as customers continue seeking higher returns in money-mkt funds. Deposits at commercial banks decreased by $26.4bn to $17.1tn. Drop mostly at large banks.
[7] Union membership in US is nearing a 100y low while inequality keeps rising. For all the news surrounding new unionization efforts among Hollywood writers, Starbucks employees, Amazon warehouse workers, and, most recently, dancers at a Los Angeles strip club, the fact is that union membership in the US is at its lowest level since the Great Depression
[8] Sun, Lupin, JB Chemicals, Torrent and Sanofi have increased their MR count in India. Source : I-sec research
[9] The microfinance industry has come out successfully from the lull it had faced on account of pandemic in the previous two years. Above that, the Reserve Bank of India's framework for industry has ushered in a new era. The new guidelines have been implemented and industry is expected to have a steady growth.
Disclosure : We have a MFI company in our Wealth compounder portfolio. You can check out details here
[10] With new SEBI rules for TERs to come soon after the consultation paper was released last week (see here), the RTAs should face strong yield pressure. Amid strong competition from existing and newer players, there doesn’t seem to be any clear winners.
Disclaimer:
This newsletter is for information purposes only. In this material, Amit Kumar Gupta (SEBI registered Research Analyst, INH100009327) has used information that is publicly available and is believed to be from reliable sources. While utmost care has been exercised, the author does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. Readers, before acting on any information herein should make their own investigation & seek appropriate professional advice. Any sector(s)/ stock(s)/ issuer(s) mentioned do not constitute any recommendation and the RA may or may not have any future position in these. All opinions/ figures/ charts/ graphs are as on date of publishing (or as at mentioned date) and are subject to change without notice. Any logos used may be trademarks™ or registered® trademarks of their respective holders, our usage does not imply any affiliation with or endorsement by them. Past performance may or may not be sustained in the future and should not be used as a basis for comparison to infer any investment ideas