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- Morning Call: Earnings, China (again) and dumb charts
Morning Call: Earnings, China (again) and dumb charts
Join David & Tim every weekday morning at 9am UK time live in the Discord, or listen back here from 10am each day!
We'll be talking about anything that pops up whether it's market, politics or macro related with a special guest every now and then.
Today we focused on another brutal selloff in China & Hong Kong overnight, the shortage of quality assets, Airpods as a standalone business, Tesla actually making more money from vehicle sales than regulatory credits, and the potential rotation from growth into cyclicals.
And a ridiculous correlation π€¦ββοΈ
Plus big earnings, with Apple & Google & Microsoft all due to report after the close πππ
This chart highlights why the Fed will no longer let stocks fall. There is a correlation between US total employment and the stock mkt. In other words, the equity market drops, employment drops. The equity market goes sideways even, employment levels off. (via @JulianMI2) pic.twitter.com/sUcnkpj5aMβ Holger Zschaepitz (@Schuldensuehner) July 26, 2021