Bear of the Day: Autohome (ATHM)
Autohome (ATHM) is confronting structural headwinds as its revenue has slipped roughly 30% from the 2020 peak and analyst earnings forecasts continue to be trimmed. The slowdown in China’s automotive market and heightened competition among online auto platforms have eroded the company’s advertising and dealer‑listing revenues. Consequently, the stock has tumbled more than 80% from its 2021 highs and now carries a Zacks Rank #5 Strong Sell rating. The firm shows little sign of stabilising its growth trajectory.
Squarepoint Affiliate Launches Market-Making Unit
STG Group, an affiliate of Squarepoint Capital, announced the launch of STG Securities, an independent electronic market‑making broker‑dealer. The new unit will trade securities using its own capital and is headed by Kirill Gelman, who previously led automated options trading...
DoubleLine Highlights Emerging Market Opportunities Despite Middle East Tensions
DoubleLine Capital sees a "virtuous feedback loop" in emerging markets as a weakening U.S. dollar and ongoing central‑bank rate cuts create attractive local‑currency fixed‑income opportunities. While recent U.S.-Israel strikes on Iran sparked a sharp sell‑off in EM currencies and equities,...
ASM Earnings: Multiple Bullish Signals Across the Board, but Shares Look Fully Valued Now
ASM International reported a bullish fourth‑quarter earnings beat, prompting Morningstar to lift its fair‑value estimate to €740 from €635. Management signaled stronger market‑share ambitions at the 1.4‑nm gate‑all‑around node and highlighted a turnaround in China demand for 2026. The guidance...
Buy These 3 Top-Ranked Putnam Mutual Funds for Steady Gains
Putnam Investments, now owned by Franklin Resources after a 2024 acquisition, manages roughly $162.3 billion in assets. The firm’s three Zacks‑ranked mutual funds—Putnam U.S. Research (PLJMX), Strategic Intermediate Municipal Fund (PPNAX) and Core Bond Fund (PTREX)—have posted strong three‑year returns of...
Solactive Silver Indices Selected by Four South Korean Securities Firms
Solactive announced that four South Korean securities firms—KB Securities, Korea Investment Securities, Meritz Securities, and Samsung Securities—will use its Silver Total Return Leveraged Index family as the benchmark for newly launched Silver Total Return ETNs. The ETNs, debuting on the...
The Bay of Bengal Flank: India’s Three-Front Dilemma and Its Implications for Taiwan
India’s strategic calculus is being reshaped as Bangladesh abandons Indian defence deals and pivots toward China and Pakistan, creating a potential three‑front dilemma for New Delhi. The shift follows the 2024 ouster of Bangladesh’s long‑time prime minister, sparking public anti‑India sentiment...
Workshop Calls for Natural Capital to Anchor Vietnam S Economic Policy
The Finance for Nature workshop in Hanoi gathered policymakers, economists and finance leaders to push natural‑capital accounting into Vietnam’s macroeconomic framework. Organisers unveiled a report that applies the Integrated Economic‑Environmental Modelling (IEEM) and GTAP‑InVEST tools to embed ecosystem services in...
Home Advantage: Kenyan Banks Outperform Foreign-Owned Competitors
Kenyan‑owned banks posted strong H1 2025 earnings, with I&M up 36%, Equity 17% and NCBA 12.6%, while foreign‑owned Standard Chartered and Stanbic saw profits fall 21% and 9% respectively. Moody’s kept a stable outlook for Kenya’s big three banks despite...
Derek Pilecki on Long/Short Financials Investing, Regional Banks, Non-Banks and Insurance | S08 E08
In this episode, Derek Pilecki of Gator Capital discusses why small‑cap and regional banks are deeply undervalued, trading well below historic 10‑14x PE ranges, and outlines his deep‑value, long/short strategy focused on financial services. He explains the lingering effects of...
Fighting an Economic War Without Fused Intelligence
The United States is fighting an economic war while its intelligence and business sectors operate in silos. Adversaries exploit supply‑chain, capital‑flow, and technology dependencies, yet private‑sector leaders lack access to classified intelligence that could reshape risk assessments. The author argues...
Margin, OMS, Clearing, Prediction Markets in Focus at FIA Boca
The FIA Global Cleared Markets Conference in Boca Raton will showcase Trading Technologies' latest initiatives, highlighted by the rapid integration of OpenGamma to deliver advanced margin‑optimization analytics. By pinpointing lower‑margin counterparties and alternative clearing venues, OpenGamma helps clients free capital...
EUR/USD: Oil-Driven Terms of Trade Support Dollar – Commerzbank
Commerzbank analyst Michael Pfister argues that higher oil prices and the United States' shift to a net oil exporter improve its terms of trade, bolstering the dollar against the euro. Because central banks focus on stabilising inflation, price adjustments occur...
BNM Holds 2.75% Rate Amid Middle East Uncertainty
BNM maintains OPR 2.75%. BNM mentioned “conflict in Mid East” risk: “The MPC acknowledges the uncertainties from the ongoing conflict in the Middle East. The impact to the global & Malaysian economy will depend on how these developments evolve....
Tokyo Stocks Rise, Nikkei up 4%, on News of U.S.-Iran Cease-Fire Efforts
Tokyo’s benchmark Nikkei index briefly spiked over 4% on Thursday, settling up 1.9% at 55,278 points, while the broader Topix also rose 1.9% to 3,702.67. The rally was sparked by reports that the United States and Iran were negotiating a...
Bac Ninh Consolidates Position at Top of Vietnam's FDI Landscape
Bac Ninh Province recorded over US$18.6 billion in registered foreign direct investment in 2025, placing it among Vietnam’s top two FDI destinations. Major infrastructure projects—including the accelerated Ring Road 4 corridor and a new National Highway 3 overpass—have dramatically improved connectivity to Hanoi,...
Italy's Carbon Reform and the ETS Decree
The episode examines Italy's controversial decree that seeks to shift EU ETS costs from gas‑fired power producers to consumers, aiming to lower wholesale electricity prices and boost industrial competitiveness. Guests Enza Tedesco and lawyer Lorenzo Parola explain the economic rationale,...
Daily Mineral Prices – 5 March 2026
The Daily Mineral Prices report for March 5 2026 highlights notable movements across several key commodities. Lithium carbonate and hydroxide prices range from $12,000 to $27,000 per tonne, reflecting heightened volatility linked to electric‑vehicle battery demand. Spodumene concentrate surged to $2,190‑$2,260 per...
Lee Orders Swift Execution of 100 Tln-Won Financial Package Amid Middle East Crisis
South Korean President Lee Jae‑Myung ordered an immediate rollout of a 100 trillion‑won (US $68.3 billion) financial package to stabilise capital markets amid the escalating Middle East conflict. The plan targets volatility in stocks and exchange rates while explicitly avoiding direct government share...
Coal India Shares Rise 4% as Citi Hikes Target Price, Puts Stock in 90-Day Catalyst Watch. Check Details
Citi placed Coal India Ltd on a 90‑day Upside Catalyst Watch and lifted its target price to ₹430, prompting the stock to climb over 4%. The brokerage cited stronger global coal prices and a potential shift from gas to coal...
7 Out of Last 8 Mainboard IPOs Delivered Negative Listing Gains. What Is Going Wrong with India’s IPO Market?
India’s IPO market has stalled, with seven of the last eight main‑board listings debuting below their issue prices. The Nifty’s 6% year‑to‑date decline and heightened volatility have curbed investor appetite for new issues. Overpriced offerings such as Omnitech Engineering and...
India Bonds Firm on RBI Buying Hopes, Stronger Rupee
Indian government bonds rallied on Thursday after a record ₹202 billion (≈$2.19 billion) of bonds were net‑bought by the RBI and institutional investors on Wednesday. The 10‑year benchmark yield steadied around 6.66%, reversing a brief rise, while the rupee strengthened to ₹91.61...
1,000 Kg of Venezuelan Gold Headed for US Markets? Report Reveals Massive Deal Brokered by Trump Officials
Venezuelan state miner Minerven has signed a deal with the Trump administration to supply between 650 and 1,000 kg of 98 % pure gold dore bars to commodities trader Trafigura for the U.S. market. The agreement follows President Donald Trump’s recent removal...
Geopolitical Tensions Trigger Oil Supply Shock, Duration Uncertain
I’m on Bloomberg TV tomorrow at 1pm HKT with the wonderful @JoumannaTV on China, India, Southeast Asia, South Korea, and what the widening conflict in Iran and the Middle East means for the region. Short story - we are buyers...
Price Determines a Stock’s Investment Merit
"The price [of a security] is frequently an essential element, so that a stock may have investment merit at one price level but not at another." ~ Ben Graham Price changes everything.
Government, Industry Launch Network to Help Australian Exporters Diversify
The Australian Government and industry groups launched the Trade Diversification Network (TDN) on 4 March as part of the $50 million Accessing New Markets Initiative. The network brings together 40 national peak bodies to provide coordinated market‑intelligence, trade services and sector‑specific support...
The Macro Pivot: Anthony Scaramucci and the New Frontier of Alternative Investments in 2026
Anthony Scaramucci’s SkyBridge Capital is leading a “Macro Pivot” as the firm shifts heavy allocation toward macro trading amid heightened inflation, interest‑rate hikes, and geopolitical tension. The move follows a broader industry resurgence of macro strategies that now outperform traditional...
Hedge Funds Reposition Around AI and Tech Volatility:
Hedge funds are actively repositioning their portfolios to capture the AI‑driven technology cycle, moving beyond concentrated bets on mega‑cap names toward a broader exposure across the AI supply chain. Managers are blending long‑short equity, quantitative models, and macro overlays to...
Homebuyer Demand Hits Record Low, Price Cuts Needed
Reventure's Homebuyer Demand Index just updated for the first week of March. The monthly reading stayed at 6/100. The 3-month rolling average dropped to 8/100. 50 is "normal". Note that during the last crash, the index never dropped below 29/100. Indicating just...
Nvidia Halts China Chip Production Amid Ongoing Trade Restrictions
FT, citing sources: Nvidia has stopped production of chips intended for the Chinese market, betting that regulatory barriers in Washington and Beijing will continue to limit sales to China. @zijing_wu https://t.co/WzcEVP1osx
The Abiding Question of the Iranian Bomb
On February 28, President Donald Trump ordered a sweeping military strike against Iran that killed Supreme Leader Ali Khamenei and decapitated the regime’s senior leadership. The campaign quickly expanded to hit the Islamic Revolutionary Guard Corps, Iran’s missile forces, navy and...
Govt Prioritizes Stability, Market Unimpressed by Incremental Targets
This is a useful table, and shows the revealed preference by the govt for stability, and to keep the current policy structure essentially on track. I don’t think many or any thought different. That said, there are a few things...
Chinese Legacy Firms Bet on Chips to Survive AI Boom
China’s Traditional Businesses Try to Buy Into AI Boom—For many Chinese companies, investing in chip makers is a survival strategy @QinSherry https://t.co/4pke6IQIur https://t.co/4pke6IQIur
The Coming Showdown Over Cuba
U.S. President Donald Trump announced a national emergency aimed at Cuba, accusing the island of hosting spies and terrorists and threatening tariffs on any nation supplying oil. Following the declaration, U.S. special forces captured Venezuelan leader Nicolás Maduro, intensifying regional...
Bank of England Plans AI Shock Scenario Amid Job Fears
Bank of England to scenario plan an AI shock amid job loss fears https://t.co/fHg59yXJjn via @PhilAldrick https://t.co/NC5Mn1VZPt
Community Weighs In: Should You Buy the Dip?
Two questions for everybody: Buy this dip? If ya, what you buying? If no, why not?
Open Consultation on Fastmarkets’ Ferrous Methodology
Fastmarkets has launched an open consultation on its ferrous metals pricing methodology, running from March 5 to April 2. The review seeks to ensure the methodology reflects physical market conditions and complies with IOSCO principles for price reporting agencies. Participants are asked...
ECB's Wunsch: Euro Gains Strength Through Expanded Global Role
Euro could strengthen with a bigger global role, ECB’s Wunsch says https://t.co/Qg36hBmWVe via @LyubovEUWorld https://t.co/LrN4SLJExv
India VIX Shows Iran War Risk Already Priced In
Have we discounted the IRAN war risk in markets? Using the India VIX to consider the idea that the worst of our fears may already be in the market https://t.co/LzpXAJuIYv https://t.co/H4WBbxWV2k
China to Inject 300 Billion Yuan Into State Banks, Deepen Reform of State Financial Firms
China announced a 300 billion yuan capital injection into state‑owned banks via a special treasury bond, coupled with deeper reforms of state financial firms. The move targets major lenders such as ICBC and Agricultural Bank of China to shore up capital...
China Advances Power of Siberia 2 and Far‑East Gas Pipeline
March 5 (Reuters) - China will push forward early-stage work on the Power of Siberia 2 project, while building the China-Russia Far East natural gas pipeline under its 2026-2030 five-year plan, which was released on Thursday.
CEO Executes Double‑Digit Million Dollar Sales at Highs
What's interesting about this is those sales at the high's were also from the CEO and in the double digit M range. $TTD https://t.co/QSWxF4cpQX
Strong Demand, New Launches Drive Double-Digit Growth in Auto Wholesales in Feb: Report
India's auto industry recorded double‑digit wholesale growth in February 2026, driven by robust demand across all segments. Strong consumer sentiment after GST cuts and a wave of new model launches lifted volumes, especially in commercial‑vehicle and two‑wheeler categories. Tata Motors...
Homebuilders Cut Starts, Offer Incentives Amid Low‑Ball Offers
Atlanta Fed Beige Book: “Homebuilders pulled back on housing starts and utilized incentives to shrink speculative inventory. Some builders reported home buyers shopping around for the best deals and often presented “low-ball” offers. This is especially true in the entry-level...
New Signal
Timely post by @71Ksander on EWY: https://t.co/Aq1A2m75tU I'm publishing a large post tomorrow... intuitive signal that would help with tricky names like EWY. There was differing views on its vol in our Discord but a pattern I've seen before. Decided to...
STI June to December 2025 Earnings up 18%
STI Education Systems Holdings Inc. reported net income of P1.08 billion for the July‑December 2025 period, an 18% increase over the same half‑year in 2024. Gross revenues rose 8% to P2.83 billion. Total student enrollment slipped to 132,941, driven by lower public...
Mid-Week Macro (3/4/2026)
Gold and silver rallied sharply before a 7.7% correction, while the HUI miner index fell from a record 978 to 902. The S&P 500 stayed within a hundred points of its all‑time high, showing little reaction to the Middle East conflict....
UOBKH’s ‘Alpha Picks’ Outperform STI in February; Keppel, Singtel Added for March
UOB Kay Hian’s Alpha Picks portfolio outperformed the Straits Times Index in February, delivering a 3.9% equal‑weighted gain versus the STI’s 1.8% rise. The brokerage rebalanced for March, adding defensive large‑caps Huating Global, Keppel and Singtel while trimming exposure to...
Hormuz Closure Threat Spurs Oil Price Surge
Same. I wrote about this past few days for clients because too many are complacent: Hormuz Heightens Risk & My Crude Oil Price Target https://t.co/jNvbWvy4Rt
Bond Traders See Increasing Chance Of No Fed Cuts This Year
Bond options traders are increasingly betting the Federal Reserve will not cut rates this year. The probability of a no‑cut scenario rose to 25% by Wednesday, up from 17% before the Iran‑Israel conflict escalated. Higher oil prices from the Middle‑East...