In today’s briefing:
- Asset Allocation Watch: Introducing Our Macro Regime Indicator Methodology
- China’s Growth Rebound Will Be Restrained
- CX Daily: What’s Worrying Regulators About China’s Mutual Fund Boom
- Making Sense of the S&P 500 Golden Cross
- CX Daily: Why Medical Students in China Are Faking Their Way to a Doctor’s License
Asset Allocation Watch: Introducing Our Macro Regime Indicator Methodology
- We are now ready to present our Macro Regime Indicator framework
- We base our tactical allocation indicator on three major variables: Liquidity, inflation and growth
- We find liquidity to be added short-term, inflation to be waning and growth to be somewhat bouncing. All-in-all BETTER than feared.
China’s Growth Rebound Will Be Restrained
- We disagree with the rush to aggressively upgrade growth forecasts for China and continue to expect economic growth this year to be around 4.5%.
- The drag from the property sector and diminished space for policy support will restrain the strength of the economic rebound.
- Nevertheless, China’s rebound, however partial, will have positive effects on other economies via outbound tourism, commodity tailwinds, and looser financial conditions.
CX Daily: What’s Worrying Regulators About China’s Mutual Fund Boom
In Depth: What’s worrying regulators about China’s mutual fund boom
China calls balloon incident a ‘test’ for U.S. to improve relations
China stock exchanges appoint IPO review committees to clean up listings
Making Sense of the S&P 500 Golden Cross
- The S&P 500 golden cross signal is an intermediate-term bullish signal for stock prices.
- However, the market is extended and the risk of a near-term pullback is high.
- The most likely peak-to-trough downside risk for the S&P 500 is about -5%.
CX Daily: Why Medical Students in China Are Faking Their Way to a Doctor’s License
In Depth: Why medical students in China are faking their way to a doctor’s license
China to send $6 million in emergency aid to quake-hit Turkey
Beijing tells Taipei that mainland is ready to resume cross-strait flights
💡 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
