Sp economic cycle factor rotator index

The trend of Malaysia’s economic recovery is in a better direction, according to the chief statistician. (Photo by Low Yen Yeing/The Edge) - A + A KUALA LUMPUR (June 23): Malaysia’s economic recovery is in a better direction as the performance of the Leading Index (LI) for April 2022 eased to a better negative of 0.5% from a negative 1.4% in March 2022, said the Department of Statistics Malaysia (DOSM). The LI is a predictive tool used to anticipate economic upturns and downturns in an average of four to six months ahead. In a statement, the DOSM said the decrease in the LI was influenced mainly by a drop in the number of housing units approved caused by a decline in applications from developers during the said month. Based on a month-on-month comparison, LI slipped to a negative 0.5%, dragged by the number of housing units approved (-1.4%), the number of new companies registered (-0.5%), and the Bursa Malaysia Industrial Index (-0.3%). "Despite the … [Read more...] about DOSM: Leading Index signifies better economic recovery ahead

Share to Twitter Share to Linkedin Inflation is soaring, stagflation looks likely, and an economic recession seems imminent. “A mild downturn may be followed by a painfully prolonged recovery” is how The Economist describes the near-term economic climate, which stands to severely impact healthcare technology buying and selling patterns and decrease available capital for tech investments; it also places a greater emphasis on digital health sellers to be able to clearly demonstrate the ROI and value of their products. Demonstrating ROI Is No Easy Task – Nor Should It Be The good times have been really good for digital health sellers over the last decade, and increasingly so over the past few years. Even with recent pullbacks in 2022, digital health funding reached $6B in Q1 of this year (compared to $6.7B in Q1 of 2021), which is certainly nothing to sneeze at. But with economic uncertainty comes increasing capital constraints, which stands to … [Read more...] about Digital Health’s Burden Of Proof: Compelling ROI In A New Economic Reality

Dow Jones Industrial Average component Walgreens Boots Alliance, Inc. ( WBA ) has been dead weight in the venerable index since replacing General Electric Company ( GE ) in June 2018, with shares of the pharmacy giant slumping to a six-year low earlier this month. However, the bearish tide may be turning with a double bottom reversal that signals the end of the nine-month downtrend. If so, bottom fishers and value players could be rewarded handsomely for their efforts in the coming months. Dow stocks tend to trade in a closed-end system, in which capital rotates constantly out of overbought leaders and into oversold laggards. Index funds are to blame for this phenomenon, which can generate phenomenal returns for experienced market timers. Even so, patience will be needed with this rotational play because the stock is still trading below the 200-day exponential moving average (EMA), which was broken on heavy volume in December 2018. WBA Long-Term Chart (1987 – 2019) … [Read more...] about Walgreens Stock Could Reward Bottom Fishers

- A + A BEIJING/HONG KONG (June 23): Asian shares wobbled while commodity prices fell on Thursday as mounting worries about the risks of a global recession amid aggressive rate hikes by the Federal Reserve kept broad investor sentiment fragile. MSCI's broadest index of Asia-Pacific shares outside Japan reversed earlier gains to be mostly flat in Asia trade. Stocks in South Korea were off, while Japan's Nikkei was broadly unchanged. Hong Kong's Hang Seng Index climbed 0.6%, following the news that Chinese President Xi Jinping chaired a top-level meeting on Wednesday that approved a plan for the healthy development of China's large payment firms and fintech sector. Overnight, the dollar fell alongside U.S. Treasury yields after Fed Chair Jerome Powell, in testimony to the U.S. Senate Banking Committee, acknowledged a recession was "certainly a possibility", but the Fed is not trying to engineer one. A Reuters poll showed the Fed will deliver another … [Read more...] about Asia shares struggle, oil falls as recession fears linger

Representative image A characteristic of the ongoing market correction has been heavy selling by foreign investors. Since October last year, they have withdrawn about net Rs 2.08 lakh crore equities, as per NSDL data. Not surprisingly, indices are trading lower by about 18 percent from their highs. Apparently the nine month long winter is likely to get even longer now. Commentaries from foreign money managers and expectations from domestic analysts suggest that it will take a lot of factors to culminate for them to come back. A couple of major reasons why foreign investors have been bearish on Indian markets are rising US dollar which has also led to more yields on bonds, and monetary tightening that is likely to have a negative impact on the economy. Concerns over near-term risks including tightening monetary conditions, a slowing economic outlook, likely earnings cut for the Nifty and headwinds from higher crude oil prices will likely keep them away, say analysts. BofA … [Read more...] about Long winter on the Street set to get longer! FIIs don’t seem to be coming back anytime soon

US Federal Reserve Chair Jerome Powell Jerome Powell, chair of the Federal Reserve, said Wednesday that the central bank was committed to wrestling rapid price increases under control and that it might be able to pull that off without tipping the economy into a painful downturn. This would be “very challenging” to achieve, he said. “We’re not trying to provoke, and don’t think that we will need to provoke, a recession,” Powell said while testifying before the Senate Banking Committee. “But we do think it’s absolutely essential that we restore price stability, really for the benefit of the labor market, as much as anything else.” Powell, testifying before senators Wednesday, will speak to the House Financial Services Committee on Thursday. His trip to Capitol Hill comes at a challenging moment for the central bank. Inflation as measured by the Consumer Price Index is running at 8.6%, the fastest pace in more than four decades, having reaccelerated in May thanks to surging … [Read more...] about Powell says Fed is ‘not trying to provoke’ a recession

- A + A BENGALURU (June 23): The Indonesian rupiah held steady on Thursday (June 23) after the country's central bank left interest rates at a record low, while the Philippine peso hovered near its lowest level in 16 and a half years following a 25-basis-point rate hike. The rupiah was 0.2% higher, clinging to its earlier levels after Bank Indonesia (BI) acted as widely expected, balancing the need to support economic growth while maintaining stability in the currency. The BI's decision will put further pressure on the currency, said Fakhrul Fulvian, an economist at Trimegah Securities. "Stability in IDR (the rupiah) can only be achieved once BI clearly states its intention to start the tightening cycle seriously," he said. "Commodity windfall, rupiah's relative outperformance as well as a higher subsidy budget have provided room for BI to bide time and not join regional peers, for instance the Philippines, in tightening policy reins," said Radhika Rao, a senior … [Read more...] about Philippine peso hovers near 16-1/2-year low, Indonesian rupiah steady

- A + A (June 23): Oil and natural gas fields in Russia, Turkmenistan and Texas are the most climate-damaging on Earth, according to a first-of-its kind analysis that looks at greenhouse-gas emissions across entire supply chains and finds they vary widely. The dirtiest fields emit more than 10 times as much carbon dioxide equivalent as the least emissions-intensive sites, it finds. Released Thursday by the nonprofit Rocky Mountain Institute, the Oil Climate Index plus Gas (OCI+) web tool ranks 135 global oil- and gas-producing resources — which together account for half of the world’s supplies of those commodities — based on a full life-cycle analysis of their 2020 emissions. Russia’s Astrakhanskoye natural gas field has the biggest footprint across its supply chain because of prolific leaks on pipelines and other infrastructure “downstream,” according to the analysis. Turkmenistan’s South Caspian basin and the Permian Basin in West Texas rank second and third; the … [Read more...] about World’s dirtiest oil and gas fields are in Russia, Turkmenistan and Texas

Micron Technology, Inc. (MU) shareholders have suffered through their fair share of ups and down over the years, with this highly cyclical stock reacting to all sorts of short- and long-term catalysts. Fortunately, this bilateral footprint may break down in 2020, allowing a breakout above 2018 resistance in the mid-$60s. More importantly, that rally will open the door to an assault on the all-time high, posted at the height of the internet bubble 20 years ago. The majority of chip stocks look overextended and in need of a downturn following a dramatic uptrend that has lifted the PHLX Semiconductor Index ( SOX ) to an all-time high. However, Micron stock often goes its own way during broad-based declines, paying little attention to the price action in other corners of the semiconductor universe. This tendency could come in handy in coming months, with the decade-long economic expansion running into multiple headwinds. MU Long-Term Chart (1990 – 2020) The stock … [Read more...] about Micron Technology Stock Could Break Out to New High

- A + A (June 23): Singapore’s key inflation gauge accelerated for a third month to the fastest in almost 14 years, bolstering the case for further monetary policy tightening and stronger action to buffer consumers from the drag of rising prices. The central bank’s closely watched core inflation print, which excludes private transport and accommodation, rose by 3.6% from a year ago in May, according to a joint statement on Thursday (June 23) from the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI). That pace, the fastest since December 2008, matches the median estimate in a Bloomberg survey, and compares with 3.3% in April. The increase was due to inflation across food, services, retail goods and energy, they said in the statement. They also repeated a warning from last month that prices will pick up in the coming months before easing toward year end as external pressures recede, while flagging upside risk from geopolitical … [Read more...] about Singapore’s faster inflation adds pressure to tighten policy