Shiba Capital
Macro-roni of the week- Commodities (Alum & LNG), Semiconductor index SOXX
Shiba_Capital
Publish date: Wed, 15 Sep 2021, 02:38 AM
Shiba_Capital
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A place to share and provide some updates in the market
**Disclaimer: This is purely for sharing information and educational purposes only.
This post is not intended in instructing/informing any personal to do buy / sell.
Please trade at your own risk or ask for advice from a qualified person.**
**Disclaimer: This is purely for sharing information and educational purposes only.
This post is not intended in instructing/informing any personal to do buy / sell.
Please trade at your own risk or ask for advice from a qualified person.**
Covering some macros. Its more important than you think despite boring!
Commodities
1. Bloomberg Commodity Index closed at all time highs yesterday, gains mainly led by Aluminum and Natural Gas. Mainly due to supply concern issues, as we are heading towards to end of year, supply worries are more to come.
Semiconductor
2. SOXX also notched an all time high yesterday despite weakness in Nasdaq and FAANG names. Defintitely one to monitor as Malaysia's tech industry is highly reliant on semiconductors
Tax the rich!
3. US Democrats are planning to increase corporate tax rates (top bracket) to 26.5% which is lower than Biden's original proposal at 28%. For context, pre-Trump era has a 35% corporate tax rate.
Furthermore, top individual tax rates are proposed to hit 39.6%, while capital gains tax at 25%, up 5%.
Correction imminent?
4. Deutsche Bank's survey found professional investors (68% of respondents) are expecting a correction larger than 5% in equity markets by year end. Does the major concensus materialise this time ?
Thats all for this week folks. Help us share if you liked it, more contents to come.
Cheers.
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