Stéphan
- Feb 8
- 3 min read

China PPI down / MS on EV's / Regional banks / Mexico vs China import to U.S / Mag 7's call buying

MORGAN STANLEY: “.. EV demand is decelerating, suppliers are cutting backlogs, fleets are cutting and some consumers are moving back to ICE/Hybrid vehicles. OEMs are being ‘rewarded’ for pulling back on EV spend. It’s become fashionable to be an EV bear.” >>>> the good news is that finally prices are coming down quite substantially for 2nd hand EV cars..
TotalEnergies CEO Patrick Pouyanné on EVs: "You ask people to spend more money to get a car to have the same function that an ICE car. Why should they spend more money? Tell me."... (and this in a cost of living crisis/struggle...got to bring much cheaper smaller EV models.. should have always been the goal...)
China PPI dipped in Jan for a 16th month, consumer prices see biggest drop since 2009 >>> slipping deeper into deflation
The US imported more from Mexico than China for the first time in decades
SNAP !
The momentum that has carried the S&P to 5,000 “has few equals in history,” the standout being the Internet-fueled rally off a similar mkt bottom in Oct. 1998: Evercore’s Emanuel. He sees a host of issues suggesting 1-yr forward returns for stocks of 0% regardless of recession
UBS: "There is a narrative that rising equity markets are good, and falling equity markets are bad. This is not true. Fairly valued equities are good, and bubbles or disorderly markets are bad."
AI chatbots like OpenAI's ChatGPT and Google's Bard consume an astronomical amount of electricity and water and — or, more precisely, the massive data centers that power them do.. And according to the latest estimates, those energy demands are rapidly ballooning to epic proportions
Markets : markets/daily traders been piling up / continue to pile up into calls in the Mag 7, plenty of comments 'this has gone too far', value vs growth, small cap vs growth gap 'highest in 15years' etc, weak market's internals etc..all agrreed..., but what will snap this trend and change its course ? something will snap sooner or later, too hard to tell what/when for now, but it always goes too far in then end. USD should stay firm(er), USDJPY testing BoJ soon again near 150JPY. 30's UST auction tonight, 10's yesterday went quite well