Electrification Is Our Macro Theme Of The Decade
Everybody wants to reindustrialize but there cannot be any industrialization without increase in electricity production. We also must take into consideration that this does not include demand from AI or data centers.
What’s Not To Like About Japan?
Low debt, rising productivity, rising investments share of GDP and rising profit margins. Japan continues to be our favorite developed world equity market.
Get Ready For A Manufacturing Boom In India
India leapfrogged manufacturing and directly went into services. The result was a jobless growth confined to metros. Now India is looking to go back to building its manufacturing base which is possible due to heavy investment in basic infrastructure. I believe this will not only lead to job creation but also the major equity index components will change in coming years.
US Household Spending Continues To Strengthen
APOLLO: “Data for Bank of America customers shows that income growth in February and March has started to accelerate across the income distribution.”
This Is Not Normal
Gold: “Remember the US government debt cliff people have been warning about for 40 years? It was back there. You went over it in 2022. Ironically, the final straw were those aggressive Fed rate hikes.“
(Luke Gromen)
FOLLOW US:
I can be reached at:
Ritesh Jain
Twitter: @riteshmjn
LinkedIn: https://www.linkedin.com/in/riteshmjain
Disclaimer
Pine Tree Macro Pvt Ltd (“Pine Tree”): This information provided is for the exclusive and confidential use of the addressee only. Any distribution, use or reproduction of this information without the prior written permission of Pine Tree is strictly prohibited. The information and any material provided in this document or in any communication containing a link to Pine Tree’s website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Pine Tree to any registration requirement within such jurisdiction or country. Neither the information, nor any material or opinion contained in this document constitutes a solicitation or offer by Pine Tree or its, directors and employees to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. We do not represent that the information and any material provided on this website is accurate or complete. Pine Tree makes every effort to use reliable, comprehensive information; but makes no representations or warranties, express or implied or assumes any liability for the accuracy, completeness, or usefulness of any information contained in this document. All investments are subject to market risks. In no event will Pine Tree or its directors and employees be liable for any damages including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising out of and in connection with this website, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or system failure.
Anantam International SPC Fund (“Fund”) & Aparna Investment Management (“Manager”) : This report does not constitute an offer to sell, nor a solicitation of an offer to buy, interests in Anantam International SPC Fund and is not intended to create any rights or obligations
Aparna Investment Management shall not accept any liability if this report is used for an alternative purpose from which it is intended, nor to any third party in respect of this report. While all reasonable care has been taken in preparing this report, no responsibility and liability is acceptable for errors of fact or for any opinion expressed herein
The Anantam International SPC Fund and/or any of its officers, directors, personnel and employees shall not be held liable and responsible for any loss, damage of any nature, including but not limited to direct, indirect, incidental, punitive, special, exemplary, consequential, as also any loss of profit, revenue in any way arising from or in connection with the use of this statement in any manner whatsoever.
Past performance is not indicative of future results. The Anantam International SPC Fund does not provide any assurances as to the reliability of such information and you should not rely on this information when making an investment decision.
Opinions, projections and estimates contained in this report are subject to change without prior notice.