Jitendra Chawla, CFA
“Life is a game where you work very hard and deal only occasionally.” – Charlie Munger
https://t.co/xnQ2geqHUl
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Special Situations 🌐 Newsletter (Jay Singh III)
Breaking: IMF just cut global growth expectations in April (lagging forecaster), and will likely cut them substantially again. In a review due this month, “we will downgrade our forecast substantially,” Pazarbasioglu said

“Path to a soft landing is narrowing, CBs have no choice"
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Special Situations 🌐 Newsletter (Jay Singh III)
We spoke about this in last week's spaces:

1/US dollar’s relentless rise is threatening to trigger more outflows from Asia’s EM indices, spoiling hopes of the region making a comeback in 2H. MSCI Asia ex-Japan Index has fallen 20% as investors took $71B out of EM mkts this year! https://t.co/7vp05UOTeX
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Bread Crumbs Research
Twilio CEO Jeff Lawson on SaaS profits and stock performance - Protocol $twlo https://t.co/ucr8mRfgbM
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Special Situations 🌐 Newsletter (Jay Singh III)
Some positive news (special situation):

ANZ Said To Near A$5.6 Billion Deal For Suncorp’s Banking Unit

"An announcement could be made as soon as this week and lender will seek to tap equity markets with a share sale to help fund the potential takeover, according to sources" https://t.co/mJqL7mq1yy
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Special Situations 🌐 Newsletter (Jay Singh III)
Bonds usually move first, then equities, then commodities
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Special Situations 🌐 Newsletter (Jay Singh III)
Central bank decisions this week:

Tuesday: Nigeria (inflation touch 18.6%, 5Y high)
Thursday: ECB (Europe), South Africa, BOJ (Japan), Uzbekistan, Indonesia, French Guiana
Friday: Russia, Paraguay https://t.co/UGFhh7ihlQ
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Dalius - Special Situation Investments
New investment ideas from VIC 👇

Incl: $GBTG, $CNSL, $TEN arb and $XELB

$GBTG pitch:
– Business travel management company, #1 player globally.
- $AXP spin-off, parent retains 35% stake.
– Set to rebound with corporate travel, which is still well below pre-covid levels.
... 👇
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Special Situations 🌐 Newsletter (Jay Singh III)
Many parts of Central Plains & Texas are under heat advisories & warnings this weekend

Heat warnings also in effect for California, Arizona & New Mexico

Parts of Texas, Oklahoma & Kansas could see highest summer temps to date, w/ predicted highs of 102-110 degrees

$UNG $BOIL
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Special Situations 🌐 Newsletter (Jay Singh III)
$MSFT Word Shortcut of the day is SHIFT+F3 to convert ALL CAPS text to lowercase and vice versa! Teaching our analysts how to be efficient!
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Special Situations 🌐 Newsletter (Jay Singh III)
Russia’s defense minister instructed military units in Ukraine to “further intensify” combat activity at a time the arrival of advanced Western weapons is boosting Kyiv’s counterattack capabilities. Airstrikes continued in north, south and central areas, often on civilian targets
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Special Situations 🌐 Newsletter (Jay Singh III)
Countries with highest credit default risk from @VisualCap! Expect more emerging market volatility this year! https://t.co/APB3vZbN33
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Special Situations 🌐 Newsletter (Jay Singh III)
Early reports from U.S. cos have refocused attention on some of biggest challenges facing businesses, from threat of economic slowdown to the pressure that rising costs are putting on corporate profits. JPMorgan $JPM, Delta Airlines $DAL, and Fastenal $FAST warned of these risks.
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Special Situations 🌐 Newsletter (Jay Singh III)
Going to share/discuss Bofa $BAC Quant Savita Subramanian's 11 indicators since 1974 that typically occur before a market bottom with all subscribers this week! Hint, we are not there yet!

https://t.co/r7f3PlxC5V
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