AKG weekly charts - Issue #121
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 (30 Oct-3 Nov) here
Oct’23 review of FC Strategies - Special Situation and Wealth Compounder
[1] The GSCI industrial metals index is right on its technical support, driven by recession and slowing China narrative. Commodities are an ideal hedge against inflation, while also offering diversification. And while commodities have pulled back in 2023, longer-term trends demonstrate positive bias.
[2] Usually it takes time for recession like conditions to hit once the yield curve inverts. A opposite reaction also occurs when the curves un-invert (likely in 2024)
[3] Global Rice prices at 15-year highs, thanks to Indian ban. Rice stocks celebrating!
[4] U.S. Dollar is on the verge of gaining for a 3rd consecutive year but history shows that strength is unlikely to carry over for a 4th year which could be a potential tailwind or risk-on assets in 2024.
[5] U.S. Large Cap Funds just saw an inflow of $23.7 billion in last week, the largest weekly inflow since February 2022
[6] India's gross enrolment ratio has seen an appreciable increase over the last decade, alongside an increased share of female students. Soucre: Maquarie.
[7] The RE consolidation in major metro cities has been breathtaking over last few years, thanks to RERA, GST, IBC, Demo etc.
[8] The Beauty and personal care segment in India is catching up to other Asian peers.
[9] Based on earnings estimates and at the IPO price range, Tata Technologies trades at a material discount to the median peers' FY2024 P/E. Therefore, IPO price range is attractive. The peers are by no means cheap and have been on a tear since the start of the year. (no reco). Soruce : Koyafin.
[10] S&P 500 hasn't reached a new all-time high in 471 trading days, the 7th longest stretch of time since 1950
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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 susta​​ined in the future and should not be used as a basis for comparison to infer any investment ideas