AKG Weekly Charts - Issue #34
Welcome to the second edition of #AKGweeklycharts in 2022.
This newsletter is a weekly selection of 10 charts hand-picked across internet which pertains to our investment strategy.
The charts focus on various forces and factors that influence our Investment outlook and brings an updated insight and perspective.
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[1] Notwithstanding the ongoing border dispute with China, and efforts to dilute economic linkages and reduce dependence, India’s merchandise trade with China is growing and may cross the $100 billion mark this year.
[2] Although the dollar valuation of Bitcoin hit some hiccups at the beginning of 2022, analysis Goldman Sachs has claimed that, by taking over gold’s role as a store of value, Bitcoin can reach a valuation of $100,000 in the not-so-distant future.
[3] India's Trade deficit remains wide. Dec'21 at US$22 bn was only marginally lower than the record highs of Sept & Nov. Both exports and imports were the highest recorded to date likely on the back of positive price effect, seasonal uptick, and buoyancy in global and domestic demand.
[4] Despite all the ESG headlines, relative performance of renewables vs Fossils is underwhelming to say the least. Divergence between headlines and stocks positioning in portfolios continue to give mixed signals.
[5] Global central bank assets y/y should fall from 9% growth n Q3CY21 to c0% from Q2-Q4CY22 as they continue to prepare markets for withdrawal of monetary accommodation.
[6] The bottom end of the Tech index is in pains. almost 40% of Nasdaq stocks are down at least -50% from their respective 52-week highs.
h/t @sentimentrader
[7] Textile sector is hot in the market. But at a broader level, RMG segment has struggled on account of wages, employment , labour laws and margins.
[8] Lithium prices are shooting through the roof due to shortage of materials and as EV cycle takes a faster turn and demand balloons.
[9] Last Capex cycle in 2003-08 saw heavy compounding in the order inflow of the top capital good companies. Will a similar pattern repeat itself in 2020-24?
[10] CNG stations are set to boom across 81 cities in the coming few years. More opportunities for such companies as they penetrate through lower rung Cities.
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Hope you enjoy reading this edition!
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Till the next time, stay safe and have a great week ahead!