In today’s briefing:
- Mainland Connect NORTHBOUND Flows (To 26 Jan 2024): Decent Net Buying, Buying Banks and SOEs
- Upstart Holdings: Initiation of Coverage – Inside Look at Upstart’s Plan to Secure Game-Changing Partnerships and Fuel Growth! – Major Drivers
- EQD | The KOSPI 200 Could Go Lower
- US Rates: The Calm Before The (Policy) Storm
![](http://www.smartkarma.com/assets/plugins/a3-lazy-load/assets/images/lazy_placeholder.gif)
Mainland Connect NORTHBOUND Flows (To 26 Jan 2024): Decent Net Buying, Buying Banks and SOEs
- The Quiddity Mainland Connect NORTHBOUND Monitor. Like the A/H Premium Monitor and HK Connect SOUTHBOUND Monitor. Lots of Flows/Position Tables and Charts with which to play.
- Last week saw NORTHBOUND net BUY RMB 12.1bn of A-shares on very strong average activity. National Team continued to buy this week. Foreigners bought banks
- Renewables were again a net sell by NORTHBOUND. It is not clear what stops persistent net selling. Capacity huge/growing and Pricing is a disaster in solar modules, batteries, etc.
Upstart Holdings: Initiation of Coverage – Inside Look at Upstart’s Plan to Secure Game-Changing Partnerships and Fuel Growth! – Major Drivers
- This is our first report on cloud- based artificial intelligence (AI) lending platform operator, Upstart Holdings, Inc.
- Its recent results reveal a diverse picture as substantial growth and progress are achieved in the midst of a challenging lending environment.
- The positives are the company’s rapid strides in advancing its artificial intelligence lending platform, achievement as a financially sound company, growth in fee revenue, increase in team size, and AI platform expansion.
EQD | The KOSPI 200 Could Go Lower
- The KOSPI 200 INDEX closed the last week up, after 3 weeks down in a row (CC=-3).
- The index could pullback again this week, after last week’s bounce, support is around 332-325 or, if the market goes lower, around the 313 price area.
- Most likely the pullback will last only for 1-2 weeks (if any), but caution is advised: a longer pullback that could reach below 313 is not impossible.
US Rates: The Calm Before The (Policy) Storm
- The combination of policy decisions in the US rates markets has led to a significant decline in tenure yields.
- There appears to be policy coordination between fiscal and monetary authorities, with the treasury displaying flexibility and the Fed focusing on tightening in financial conditions.
- The upcoming Fed meeting is anticipated to provide forward guidance on policy tightening, with expectations of a move towards a neutral bias and steps towards eventual easing or cutting. Inflation language in the statement may also be up for debate.
This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.