AKG weekly charts - Issue #117
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 (2-6 Oct) here
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[1] Listings in India over the past few years have generally traded 85.9% of the adjusted free-float on the first day of trading and 129% of their adjusted free-float by the end of the first week.
[2] Oct 1987 and Oct 2023 does have some macro parallels in the form of rising bond yields. It also serves as a reminder that sometimes yes the market cycle unfolds in an orderly fashion and when things turn down you can simply de-risk as the evidence slowly confirms…. but at other times, it happens with a bang and you don’t get a chance to even react let alone reduce risk exposure. [h/t Chartstorm]
[3] The market continues to trade like there’s no recession. And to be fair, a lot of the US data continues to turn in like there’s no recession (as yet). The interesting implication from this chart is that if there is no recession, it lays out the path higher, but also: if there is a recession — where things likely head (Full report here)
[4] The U.S. Dollar is now used in 48% of international payment transactions, the highest level in more than a decade
[5] Isreal’s Benchmark Index TA-35 plunges >6%, biggest drop since Mar2020 after Hamas attack. The Hamas assaults mark the deadliest attack on Israel in decades and threaten to escalate into a broader conflict. Israeli shekel has slumped toward 7y low in recent days, ahead of the scheduled reopening of Israel’s parliament later this month. (via BBG). Will this be another great opportunity for BTD investors?
[6] In line with intuitive thinking, the force of incumbency in India is determined by the nations pace of growth (read prosperity).
[7] Tiles industry growth plans back on track after inflation cool off in raw materials and RE cycle picks up steam
[8] China leading the share in the world motor vehicle production, led by EV boom!
[9] The big divergence between Tech and inverted 10-year Treasury real yields was an ominous signal. Now Tech has finally begun playing catch up to the downside but there’s still room to fall.
[10] India’s infant mortality rate has witnessed an appreciable drop over the last few years. Possible leading to rise in population at a faster pace!
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