by Jacques Lemoisson | Jan 8, 2021
Since NYSE’s first delisting announcement on Jan 1, Chinese investors have been adamant buyers. Mainland holdings under Connect in China Mobile Ltd, China Telecom Corp Ltd, and China Unicom Hong Kong Ltd, have jumped 37%, 28%, and 41%, respectively. If you believe...
by Jacques Lemoisson | Jan 7, 2021
Briefly, these two charts demonstrate the sensitivity of the FCF yield to any rate hike. In addition, the correlation between the NASDAQ and the US 10Y Treasury (inverted if you consider the yield) is highlighting the duration play. I am short US 10Y (target 1.25%)...
by Jacques Lemoisson | Dec 29, 2020
As usual, the goal of this document is to propose answers to the main questions over 2021. Global economic growth: Rapid catch up (effective vaccines?) or “Groundhog Day” infection? Biden: Post-Trump Era complete shift or simple transition? The USA is back in the...
by Jacques Lemoisson | Dec 24, 2020
The State Administration of Market Regulation has officially started investigating Alibaba Group Holding over suspected monopolistic practices Regulators have also asked to meet Ant Group, Alibaba’s fintech affiliate… Europe tries to tax FANGMAN and BAT,...