Bloomberg (October 3)
“Global funds further trimmed their Chinese stock holdings in September, extending a relentless selloff and lowering their average position in the country to the lowest level since 2020,” as “outflows surpassed the $3 billion level for a second consecutive month.” The MSCI China Index has now slumped more than 11% in 2023 and is “ on track for a third straight year of losses, which would mark its worst losing streak in two decades.”
Tags: $3 billion, 2020, 2023, China, Global funds, Losing streak, MSCI China Index, Outflows, Selloff, September, Slumped, Stock holdings
Institutional Investor (October 10)
“Hedge fund performance dispersion widened last month…. Returns for the top hedge funds in September far exceeded those at the bottom. The top decile of hedge funds in HFR’s HFRI 500 index gained an average of 6.4 percent last month, while the bottom decile of funds fell 14.3 percent.”
Tags: Bottom, Dispersion, Fell, Gained, Hedge-fund, HFRI 500 index, Performance, Returns, September, Top decile
The Week (October 8)
“Alarm is rising over a global slowdown that’s testing even Apple’s invincibility… In September, Apple was so bullish about its sales projections for the new iPhone 14 that it told suppliers to bump production by roughly 7 percent.” Within just a few weeks, Apple backtracked. “If Apple is struggling to gauge consumer sentiment, that doesn’t bode well for other companies.
Tags: Alarm, Apple, Backtracked, Bullish, Consumer sentiment, Gauge, Global slowdown, Invincibility, iPhone 14, Production, Sales projections, September, Struggling, Suppliers
Los Angeles Times (September 4)
The TV season usually begins during the third week in September. “For nearly seven decades, broadcast TV networks have used the season to launch new shows in the hope they become enduring hits—and to bring back fresh episodes of returning programs after the long summer hiatus.” The pandemic, however, closed down scripted production, “making it impossible for broadcast networks to premiere most of their new shows on schedule.” It may no longer matter in a world where streaming reigns. Ultimately, the pandemic may “accelerate change at broadcast networks” where the concept of a season seems increasingly anachronistic.
Tags: Broadcast, Change, Closed, Episodes, Networks, Pandemic, Premiere, Production, Scripted, Season, September, Shows, Streaming, TV
Forbes (October 13)
“China’s export numbers for September are out and they show a fall of 10% in year on year numbers. This has caused global stock markets to stumble…. because the China export numbers are a reflection of demand in the global economy and if that’s weak then the global economy is weak.”
Tags: China, Demand, Exports, Global economy, September, Stock markets, Weak
