Our call of the day, from big China brokerage Citic Securities could be a warning in the canary for investors eager to get a piece of the world’s best-performing market this year.
It’s probably a good thing that the 10 -year anniversary of that S&P 500 nadir falls on a Saturday, given the extra gloom seen on Friday—compounded by China exports and German factory orders tanking, and now a measly rise in U.S. jobs last month.
“We think the stock could potentially fall more than 53.9 percent over the next year,” said Tom Chengdun and a team of analysts, according to Reuters and other media outlets. This move is odd because analysts in the region want to keep getting information from companies so it’s not in the interest to come down hard on them, says Reuters.
Of course China is piling on with stimulus and some think that will help markets there in the end. Recall that earlier this month index provider MSCI said it would lift the weighting of China-listed shares, which could bring a big influx of capital to the region. And that means more exposure for international investors, including the U.S.
While everyone was focussed on Tesla tweets, the bond markets globally and the $ look like they have decide to break out. If the $ breaks higher, the mood will turn to a nasty risk-off very quickly. Nov/Dec sell off occurred with a stable $ but a strong $ will change everything.. Tesla TSLA, +0.13% will get around a half-billion dollars to invest in its Shanghai factory after a deal with Chinese lenders. Meanwhile, the Pentagon is reviewing security clearance for the electric-car maker’s CEO Elon Musk after his pot-smoking incident last September.
Early reviews are in for Disney’s DIS, -0.73% “Captain Marvel” and most are loving the franchise’s latest superhero.— 𝙉𝙞𝙠𝙠𝙞 🌻 March 8, 2019 On International Women’s Day, where the theme is #balanceisbetter tributes are pouring in from Google and several international brands.
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