Daily Brief Thematic (Sector/Industry): Ohayo Japan |Stall in Debt Talks = Stall in SPX; NUGGET: Panasonic - Found Religion (Finally !) and more

In today’s briefing:

Ohayo Japan |Stall in Debt Talks = Stall in SPX; NUGGET: Panasonic – Found Religion (Finally !)
Chinese Express Consolidation? Lesser Players Battered for Years, But Still No Knockout Punch
Weekly Stock Bullfinder – Week of 5/22

Ohayo Japan |Stall in Debt Talks = Stall in SPX; NUGGET: Panasonic – Found Religion (Finally !)

OVERSEAS. SPX -0.1% fails to make it 3 in a row; Talks paused, now resumed but deal distant; Powell set to pause hikes in June; More worries in US Regionals
JAPAN. NKY Futs flat vs Cash; Kishida hosts a successful G7 summit; April Core Inflation hits 4.1% – Gov Ueda says no early exit; More Japanese are job hopping=>+ve Wages
NUGGET. Panasonic – Found Battery Religion (Finally!) – A more aggressive stance

Gross margin compression in China’s express industry has been going on for years and predates the Covid crisis. But margins have enjoyed a modest recovery since late 2021
Since 2019, margins have fallen and the distribution of profits among China’s listed express companies has changed dramatically, with two clear-cut losers
Even though two listed express companies have seen their profitability compressed dramatically, there are no signs of industry consolidation — and some parties like it that way

Sector allocations in 2023 have been highlighted by big money rapidly leaving the “inflation trade” of 2022 (dominated by all things oil and gas, coal, ag commodities, etc.) and plowing money in full force to the “disinflation trade” headlined by sectors exposed to technology, artificial intelligence, semiconductors, automation/robotics, and software.
In fact, the following sector ETFs are making new 6-month relative strength line highs this week compared to S&P 500 index and are quickly emerging as new market leadership groups:
Technology: BOTZ, TECL, IXN, IYW, XLK, IGV, VGT; Homebuilders: NAIL, XHB, XL

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