In today’s briefing:
- 5 Important Factors Impacting Shorting Korean Stocks Rules + Shorting the Dutch East India Company
- OUCH! The Slump in the ISM Manufacturing Suggests 20% Downside for Equities
- 5 Things We Watch: Macro Regime, Riyadh Accord, Sloos, Ukraine, USD
- Credit Nugget – Who’s got the tightest standards, and what does it mean for credit spreads
- CX Daily: China’s Ambition to Build a Financial Powerhouse
5 Important Factors Impacting Shorting Korean Stocks Rules + Shorting the Dutch East India Company
- In this insight, we discuss the five important factors impacting potential regulations changes of shorting stocks in Korea.
- The Korean regulators are actively considering a plan to limit the short selling repayment period for foreign and institutional investors to 90 days (same as the individual retail investors).
- More than 400 years ago in 1609, a Dutch businessman called Issac Le Maire started to short shares in the Dutch East India Company.
OUCH! The Slump in the ISM Manufacturing Suggests 20% Downside for Equities
- Based on the historical relationship between the ISM Manufacturing and US Equities, the S&P 500 Index should collapse to 3,533 after the disappointing ISM reading of 46.7.
- Our ISM – Implied Returns analysis reveals that even if the ISM Manufacturing recovers to above 50 in the coming months, there is no upside for US and Global Equities.
- Finally, in each of the three ISM Manufacturing scenarios, there is upside for US Treasuries. The ISM Manufacturing Index is very clear on asset allocation: Bonds over Stocks, big time.
5 Things We Watch: Macro Regime, Riyadh Accord, Sloos, Ukraine, USD
- This week we would like to draw your attention to our monthly macro regime indicator which has been updated.
- Then we’ll argue for a Riyadh Accord, and after that look at this week’s SLOOS release.
- Then it is time to talk geopolitics and Ukraine.
Credit Nugget – Who’s got the tightest standards, and what does it mean for credit spreads
- Hello everyone, and welcome to an update on global credit conditions as credit surveys have been published lately by some of the biggest economies worldwide, with the Fed releasing SLOOS and Japan releasing their equivalent.
- Credit has not really been mentioned much, and has gone a bit under the radar as credit spreads have remained silent, signaling that there was nothing to worry about, but the more we dig into it, the more it looks like the spreads will have to move sooner rather than later.
- That’s at least what the surveys are telling us..
CX Daily: China’s Ambition to Build a Financial Powerhouse
- Financial Conference / In Depth: China’s ambition to build a financial powerhouse
Law /: China to update state secrets law amid increase in spying
Personnel /: He Lifeng is running China’s two top new financial overseers
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
