Supply and demand shocks in markets critical to the renewable-energy and defense industries will continue to play havoc with prices, which will negatively impact capex. In the short run, this benefits China given its already-dominant…
Chinese domestic stocks have fared quite poorly over the past year. Since late-January 2023, the Shanghai Shenzhen 300 index fell roughly 24% to last week’s low, driven by ongoing weakness in China’s economy and a…
Our Portfolio Allocation Summary for February 2024.
In the monthly Daily Insights Survey we conducted over the past week, we asked about our readers’ views on tech stocks, the US economy in 2024, and China’s contribution to global growth. Regarding tech stocks, 44%…
When will the US also buckle under high rates? We expect a US recession to begin around mid-year. Stay defensive.
China’s official NBS PMI indicates that growth conditions remain sluggish. Although the composite index ticked up from 50.3 to 50.9, it is still barely in expansionary territory. Notably, the manufacturing PMI – which…
China’s industrial profits registered their second consecutive annual contraction last year, falling by 2.3% in 2023. The full year contraction comes despite a surge in industrial profits near year-end. Profit growth…
