In today’s briefing:
- CX Daily: How China’s Shrinking Population Is Driving Education Reform
- Ignoring Tailwinds
- Weekly Market Monitor 14 – Did the Fed Finally Break the US Labor Market?
CX Daily: How China’s Shrinking Population Is Driving Education Reform
In Depth: How China’s shrinking population is driving education reform
Beijing’s EU envoy warns of risks if bloc curbs China trade
Exclusive: Shagang still wants to buy Nangang Iron & Steel from Fosun
Ignoring Tailwinds
- The US 10-year rates futures had rallied for six consecutive days while Growth and Momentum stocks lagged.
- Wednesday was a marked change, with NASDAQ falling while bonds rallied sharply.
- It was a day when value and small caps outperformed FANMG and Growth stocks.
Weekly Market Monitor 14 – Did the Fed Finally Break the US Labor Market?
- Cracks are appearing in the US labor market, bringing relief for the Federal Reserve concerning inflation. But higher unemployment significantly increases the odds of a US recession.
- The increase in Federal Reserve liquidity is keeping markets afloat. But assuming the banking crisis does not worsen from here, liquidity will reverse.
- Our Fear & Frenzy Sentiment Index moved away from ‘Frenzy’ but remains in Neutral territory. Futures positioning and equity flows worsened, pushing the Fear & Frenzy Sentiment Index toward ‘Fear.’
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