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Something for Your Espresso: China move confirmed!

The crossroads for the Chinese economy we highlighted earlier in the week has been decided (at least intermediately) with the recent JUMP in Li Keqiang. Our early conviction in pro-cyclical trends keeps getting confirmed.
2024-03-22
<a href="https://stenoresearch.com/author/elias/" target="_self">Elias Lisberg Glistrup</a>

Elias Lisberg Glistrup

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Our early conviction in pro-cyclical trends keeps getting confirmed. Initially, our nowcast indicator for China signaled a positive outlook, and most notably this week, the Li Keqiang Index has experienced its strongest monthly surge since 2005.

South Korea is trading firmly in an uptrend btw, which has been our main bet in equity space since early March

It seems like South Korea is the true catch up trade (outside of Materials in US equity markets) to a reflation story out of China.

We identified China’s crossroads in this week’s EM editorial. Seems right-tail > left-tail currently. 

Chart 1: China revitalization confirmed

The crossroads for the Chinese economy we highlighted earlier in the week has been decided (at least intermediately) with the recent JUMP in Li Keqiang. Our early conviction in pro-cyclical trends keeps getting confirmed.

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