TME Weekend: You come at the king, you best not miss

They are shooting at the generals

They are coming for the two kings, and they might not miss. AAPL down a lot (sub 100 day moving) after news of China state iPhone usage bans, and LVMH down another 10% last week & now 20% off Q2 highs (well below the 200 day).

Source: Refinitiv

Source: Refinitiv

Equity positioning is close to neutral

Source: Deutsche Bank

Adding shorts

Source: JPM

Regional banks caught a bid

Source: Morgan Stanley

Disconnect

Source: JPM

Here comes the inflation re-acceleration

Source: Goldman

Rising oil = rising inflation expectations

Source: Barclays

Taylor Swift for President

Source: Bernstein