Snapshots That Wow!

Aise dost ho toh dushman...

Basis existing capex, North America’s LNG export capacity could more than double by 2029.

Qatar’s largest LNG site is likely offline for the next 3 years following the strikes by Iran. No further comments.

Source: US EIA

Aisa President ho toh dushman...

“Postings have declined -36% since April 2022 and are now down to February 2021 levels.

The number of available vacancies is now only +3% above pre-pandemic levels seen in February 2020. Furthermore, LinkUp job openings are down to the 2nd-lowest level since 2021.

LinkUp tracks real-time US labor demand using job postings sourced directly from the websites of the 10,000 largest US employers.”

Source: Kobeissi Letter

It’s time to look inwards

“India makes zero of these brains for passenger cars. All of them come from foreign companies, mainly Bosch (Germany). SEDEMAC - the one exception - One Indian company (IIT Bombay founders, Pune-based) actually makes ECUs for two-wheelers and generators. They have real IP, real patents, millions of units shipped.”

Source: Swarajya Magazine

No longer magnificent

The 100-day correlation between the Magnificent 7 Index and the S&P 500 Equal Weight Index is down to -0.27, the most negative reading since June 2023.

Source: Bloomberg

Annual reminder to focus on earnings growth silly!

In the long run earnings growth drives TRI returns for NIFTY 50. It is time we focus solely on that as investors rather than the world as per X.

Source: Kotak Institutional Equities

23rd March- the Black Date

Monday was retail's first day of net selling of single stocks since November 2023, dumping $20.6 million worth of shares, data from Vanda Research show. “The trend since the start of March has been one of gradually receding retail participation, alongside systematic deleveraging and only modest buying from long-only and hedge fund investors on the other side,” Ruta Prieskienyte, a macro strategist at Vanda, wrote in a note published Tuesday.