AKG weekly charts - Issue #113
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.
Summary of financial markets in last week (28 Aug-1 Sept) here
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[1] Real yields in US are rising across the board as this is THE tightest US monetary policy seen since the 1980s.
[2] 12m rolling forward (FY25) market multiples are same as 2018 multiples, just before the NBFC crisis unfolded.
[3] UK manufacturing PMI plunges further - The rate of output decline accelerated to its steepest in a year and ranked among the fastest in the survey's history. Additionally, the contraction rates for both total new orders and new export business were among the steepest observed outside of the 2007-08 global financial crisis and the COVID-19 pandemic
[4] Developing-nation assets stand to finally take off in the second half as long as global interest rates peak. The decade of emerging markets about to start?
[5] China has cut its holdings in US Treasuries to $835bn, lowest level since 2010. No wonder, USD and US yields have risen sharply in last few weeks.
[6] Eurozone inflation remained stuck at 5.3% in Aug, higher than the 5.1% that economists expected. Core inflation, which excluded volatile energy, food, alcohol & tobacco prices & closely watched by ECB as measure of underlying inflation, tumbled to 5.3% in Aug from 5.5% in July, matching expectations
[7] India’ share in global electronics to cross 10%. EMS a decadal theme but stock valuations not cheap either.
Source : Nuvama research
[8] Indian alcoholic beverage market (IMFL+ non-IMFL) likely to post 40% growth over the next few years. Source : Company reports.
[9] Wind sector has been facing challenges in the past few years. But annual wind capacity additions picking up again. With Adani and Ambani making big moves, turnaround seems to be around the corner.
Source : JM financial.
[10] Diesel PVs are getting phase out in preferrence to CNG and electric over the last 4 years. Trend is clear - for local use, electric/CNG is preferred. For outstation use, Petrol is used.
Disclaimer:
This newsletter is for information and educational 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 or existing 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 on charts may or may not be sustained in the future and should not be used as a basis for comparison to infer any investment ideas