The Boat Is Really Tilted
Index investors are heavily exposed to tech, and relative to history are significantly underexposed to defensives.
Bitcoin Going Mainstream?
Since the January 11th launch the total net inflow into the Bitcoin ETFs is $5 billion, and $2.3 billion of that came in last week alone. Grizzle believe that first year flow into Bitcoin ETF could be $50 billion against market expectations of $10-$15 billion.
One Indicator That Predicts Global Equity Trends
A single chart revealing ideal investment timing in global equity? Macro micro found that historically Taiwan’s exports have led the MSCI ACWI Index by around 8-12 months.
US Consumer Is Starting To Show Signs Of Stress
“The percentage of US credit-card accounts that are 90 or more days delinquent has more than doubled since 1Q22 and is now 110 bps above the pre-pandemic level and 15-year average:” (Source: Bloomberg)
Collapsing FDI In China
Direct foreign investment into China slumps to 30-year low. Foreign firms only added $33 billion to their FDI liabilities, the lowest since 1993, indicating a lack of confidence.
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