In today’s briefing:
- Ohayo Japan | US Equities-Risks Elevated? ; NUGGET: SBI HD(8473)-Carbon Trading, Jumping in Early
- China Stimulus: Benefiting China Infrastructure Construction Sector
- Weekly Stock Bullfinder – Week of 6/19
- ARK Invest Short & Squeeze – Edition #3
Ohayo Japan | US Equities-Risks Elevated? ; NUGGET: SBI HD(8473)-Carbon Trading, Jumping in Early
- OVERSEAS. SPX -0.4% 1st down day 7 as Markets price in Peak rates/rate declines; SPX Looks risky here(More BELOW); China revamps NEV subsidies; Putin places tactical Nukes in Belarus..mmm
- JAPAN. NKY Futs flat vs Cash; USDJPY 141.8 post-BOJ on Friday; NKY wins for 10th week; Kishida survives no-confidence motion; TEPCO goes full into Renewables; Lawsons makes a China push
- NUGGET. SBI HD(8473) – Carbon Trading, Jumping in Early in what sets up to be a major opportunity
China Stimulus: Benefiting China Infrastructure Construction Sector
- Both the State Council and NDRC reiterated last week the importance of introducing economic stimulus measures. These measures should benefit the infrastructure construction companies.
- 1Q23 new contract growth, ranging between 6.3% and 15.8%, is healthy. With issuance of special purpose bonds up 16.5% in 4M23, new contract momentum looks to accelerate.
- We view China Communications Construction (1800 HK) most positively, given its diversified sub-segment coverage, highest overseas exposure, and best forward pipeline.
Weekly Stock Bullfinder – Week of 6/19
- The ITB US Home Construction ETF is now up 33% YTD and represents one of the biggest market surprises for me so far in 2023.
- This group has flashed relative strength vs. the S&P 500 since December 2022 and continues to one of the top performing groups.
- After undergoing correction in 2022, the homebuilders sector has tons of weekly charts breaking out of long and healthy weekly bases in strong uptrends
ARK Invest Short & Squeeze – Edition #3
- All 6 ETFs positive in 2023 while ARKW ARKF ARKK ARKQ booming with 35%, 27%, 25% & 17% respectively.
- Risk appetite for the Innovation/Hyper Growth thematic is on!
- Enhanced Price Action view: Ark 6 ETFs 2023 Returns & Rebounders from their 52-week low + I added S&P 500 (SPY) and the Nasdaq 100 (QQQ) for comparison
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