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

Deutsche Bank says positioning is in line with a normal pullback.

Source: Deutsche Bank

Adding shorts

The level of shorts added in the past 4 weeks is getting elevated again.

Source: JPM

Regional banks caught a bid

HF exposure closing in on year-highs.

Source: Morgan Stanley

Disconnect

The disconnect between leading monetary/ liquidity signals and markets is looking stretched.

Source: JPM

Here comes the inflation re-acceleration

GS expects core CPI to reaccelerate (month/month) through January.

Source: Goldman

Rising oil = rising inflation expectations

Rising oil is pushing up inflation expectations.

Source: Barclays

Taylor Swift for President

The (Taylor) Swift lift to global hotel RevPAR.... The states that have hosted Taylor Swift concerts March through July this year saw on average +7% YOY RevPAR growth (>4%pts premium over national performance) in the corresponding month, mostly driven by ADR, but also in many cases occupancy improved.

Source: Bernstein

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