In today’s briefing:
- Here is what we told Hedge Funds this week – and how we’re trading it!
- Steno Signals #175 – 4 asymmetrical cases for Santa Powell
- Farmers Pull Off A Price Hike In India Amid Favorable External Trend
- China/US: Trading Blows Part 2
- The Week That Was in ASEAN@Smartkarma – MrDIY Indonesia Versus ACES, PZZA, and Singapore Post.
Here is what we told Hedge Funds this week – and how we’re trading it!
- Happy Friday! Every week, we dive deep into macro trends, analyze asset movements, and uncover the best value plays in the world of macro.
- These insights are shared with hedge funds and institutional clients, and each Friday, we’re bringing them directly to you.
- While the macro landscape can be complex, we believe it doesn’t have to be intimidating.
Steno Signals #175 – 4 asymmetrical cases for Santa Powell
- Happy Sunday, everyone, and welcome to my weekly editorial on everything tradable in macro! I was confident heading into last week that the U.S. data releases would bring bond yields lower, and both ISM numbers and NFP aligned with our views.
- The NFP report was much weaker than it appeared, with the median duration of unemployment ticking up—a clear symptom of a low-hiring, low-firing labor market with little momentum for those who lost jobs in recent quarters to find new opportunities.
- Monthly job creation of around 225k is obviously decent, but this figure is skewed by employees returning from strikes and a lack of substantial positive revisions to the abysmal job creation in October.
Farmers Pull Off A Price Hike In India Amid Favorable External Trend
- NR prices stage a comeback but then undergo correction
- Rubber Board convenes series of producer meets to tackle challenges
- Rubber Board proposes a fee to issue NOC to import NR
China/US: Trading Blows Part 2
- Xi Jinping is likely to respond to escalating trade tensions with the US by accelerating the shift from global globalisation to multi-polarisation.
- This shift will require investors to adapt their global perspective and strategies.
- Therefore, the ongoing trade tensions could have significant implications for global investment approaches.
The Week That Was in ASEAN@Smartkarma – MrDIY Indonesia Versus ACES, PZZA, and Singapore Post.
- The past week saw insights on PT Daya Intiguna Yasa Tbk (Mr DIY Indonesia), Aspirasi Hidup Indonesia (ACES IJ), Sarimelati Kencana PT (PZZA IJ), and Singapore Post (SPOST SP).
- There was also an insight on Erawan Group (ERW TB) and a Malaysian Banks screener from Victor Galliano where he picks out RHB Bank Bhd as a standout value.
- The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated substantive, and actionable insights, macro and equity bottom, from across Southeast Asia.
💡 Before it’s here, it’s on Smartkarma
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