AKG weekly charts - Issue #125
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.
Welcome to the first edition of #AKGweeklycharts in 2024. I wish you a very happy, healthy, joyous, content, successful, peaceful and prosperous new year!
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Dec’23 review of FC Strategies - Emerging leaders, Special Situation and Wealth compounders
[1] Onion shortages, a key component of food inflation in India has been instrumental in pushing the core CPI in recent months.
[2] Top 5 out of Fab 7 in the US market are having fundamental worries. Apple, in particular, is degrowing for few quarters now. Now at 200 dma. There have been instances before of false breakdown but if it sustains, can we get a meltdown in overall markets as well. Bulls would argue that Apple has been most oversold stock in S&P in weeks.
[3] Despite a moderation in auto sales as year-end discounts prevail during Khadmas season, the broad trend in India appears to remain intact. PV sales are seen well above pre-COVID levels, though major market is driven by SUVs.
[4] Eurozone inflation spiking higher after 6 consecutive months of declines. That last 1% to hit the 2% target is always the hardest!
[5] Fed cuts in 2024 will be a major warning signal for the economy. Rate cuts have coincided with sharp rises in the unemployment rate and market declines too. Will history repeat itself?
[6] Nifty’s premium to EM peers has gone so high that there are three distinct possibilities : Either China rises from the dumps or India corrects from its highs or both happens simultaneously.
Source : Netra, DSP MF managers
[7] UK retail investor ownership of local shares has fallen in recent decades after lacklustre performance in FTSE. Even Covid induced jump was short lived. Another Japan in the making as far as stock market investors are concerned!
[8] Remember the craze in used Tesla in 2020-21? The prices have collapased (contributing majorly to fall in US inflation). Competition in places like China with BYD has led to Tesla being de-rated from astronomical valuations. What can arrest this fall?
[9] Solar energy prices have corrected ~50% now from the 2021 highs (All prices in USD). Indian solar energy developers are having a good time thanks to a steep fall in the prices of imported modules, especially from China. According to many industry sources, today good quality Chinese solar modules are available at 14 cents a watt-peak—a historic low.
Invest in Clean energy smallcase here
[10] US national debt has now crossed 34trn$. Hold that thought!
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