In today’s briefing:
- The Weekly Market Monitor (29) – The Moment of Truth?
- Block Deals Pre-Disclosure Rule Changes in Korea Likely to Be Implemented Around October 2023
- Positioning Watch – The Goldilocks Scenario is Intensifying
The Weekly Market Monitor (29) – The Moment of Truth?
- While early, the comparison to the previous quarter is remarkable. Almost all sectors reported better-than-expected earnings, but the market reaction has been negative in most cases.
- Investors are fixated on inflation and the end of the Fed’s tightening cycle. But the strong US labor market means the Fed will want to keep rates higher for longer.
- The net percentage of bulls in the survey has risen to nearly 30%, pushing our Fear & Frenzy Sentiment Index further into ‘Frenzy’ territory.
Block Deals Pre-Disclosure Rule Changes in Korea Likely to Be Implemented Around October 2023
- As a result of the likely implementation of the changes to the block deal pre-disclosure rules in Korea, numerous block deal sales are likely in the next 2-3 months.
- Block deal sales worth 50 billion won or more totaled 5.2 trillion won in 2022. As of 17 July 2023, it was 1.1 trillion won.
- We provide shareholding structures of the top 20 stocks in KOSDAQ and a few companies in this list could announce block deal sales in 2H 2023.
Positioning Watch – The Goldilocks Scenario is Intensifying
- Happy Saturday everyone, and welcome back to our weekly positioning watch, where we dissect how traders and investors are positioning themselves in the current market.
- As with every other rally, retail investors end up blindly following the big players, and long risk might very well be the play to make as flows from ETFs and retail investors continue to lift markets.
- And with that in mind, we have spiced up today’s version, moving away from the CFTC report and instead trying to have a look at what various surveys are telling us about the current market.
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