In today’s briefing:
- Ohayo Japan | Wall Street Edges Higher; Toyota to Sell Stake in Denso
- The Magnificent 7 Are No Reason to Exit Stocks!
- [Blue Lotus Daily]: TSLA/XPEV/NIO/LI/BIDU/1211.HK/600104.CH/601633.CH/ATAT/BEKE
- EMEA Financials: Uneven Recovery
Ohayo Japan | Wall Street Edges Higher; Toyota to Sell Stake in Denso
- Overseas: SPX +0.1%, Nasdaq +0.3%; Shein to list in US next year
- Today: NKY Futs -0.3% v cash. JPY/$ 147.5; Toyota to sell Denso shares; New Asics MTP
- JapanX: Toyota: Selling Denso Stake to Fuel Ambitious EV Expansion
The Magnificent 7 Are No Reason to Exit Stocks!
- Even though the endless outperformance of the Magnificent 7 means the Equal Weighted S&P 500 Index is underperforming massively, this is not a reason to sell stocks.
- One to six months after the historically largest outperformances of the S&P 500 Index, more impressive returns tend to follow.
- It’s only when the S&P 500 Index has lagged the Equal Weighted Index that shorting stocks would have been lucrative.
[Blue Lotus Daily]: TSLA/XPEV/NIO/LI/BIDU/1211.HK/600104.CH/601633.CH/ATAT/BEKE
- TSLA/XPEV/NIO/LI/BIDU: Tesla FSD expected to launch in the Chinese market
- 1211.HK/600104.CH/601633.CH: Japanese auto makers cut prices in Thailand to fend off Chinese EV
- XPEV/NIO/BIDU/BYD: BYD cut vehicle prices again to boost year-end sales
EMEA Financials: Uneven Recovery
- EMEA Financials are the largest Regional Sector underweight in global EM, with just 11.6% of managers positioned ahead of the MSCI EM index.
- Moderate but uneven recovery underway, with buying in Greece, Saudi, Kuwait and Poland Financials.
- Despite being the sector’s predominant country holding, South African Financials are experiencing a halt in growth; nonetheless, FirstRand and Standard Bank continue to be key holdings.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
