Thread by @contrarian8888

#INDIA $IBN $INDA #NIFTYBANK. Wishing all my Indian friends a Happy Diwali. Thought it worth sharing some interesting charts on india. Firstly, for those bullish oil- India is extremely susceptible to oil prices. In addition, India equities relative to bonds are highly

Inferior today

Now interestingly, Foreigners remain super long financials (that is where the $ will come from) and $IBN, despite posting strong results yesterday, they have been sequentially flat for 2 qtrs.

https://twitter.com/arabicatrader/status/1583786342345240587?s=57&t=DXrmgmUzbPRyiUTXUKMODQ

Risk appetite remains super high (contrast that with the US where AAII bull bear are at record lows for some time).

And valns relative to MSCI asia usually are at a 29% premium (given better returns) but are now at a shocking 89%. Yes i get Asia and particularly China has issues and India looks attractive but tell me this is not way in the price. One of the noted bears @arabicatrader had a

Spaces event yesterday and i barely saw more than a handful of participants. Whereas some of the bullish spaces (on india) are jam packed.They don’t ring a bell at the top but this sure looks super frothy. In any case this is my words of wisdom (or stupidity) on this special day

Spaces event yesterday and I barely saw more than a handful of participants.Whereas some of the bullish spaces (on india) are jam packed.They don’t ring a bell at the top but this sure looks super frothy. In any case these are my words of wisdom (or stupidity) on this special day