Blacswan

A pioneering independent investment management house based in Ulaanbaatar guiding clients in navigating the complex markets.

[Blacswan @blacswan__]

In our latest issue, we look at Mongolia’s proposed housing reform bills through a balance-sheet lens.

Affordable housing is not free. The cost always sits somewhere. Good reform makes that cost explicit, targeted, and sustainable.

Read below.

https://t.co/rJdU9iK7r5

[Blacswan @blacswan__]

Mongolia’s housing is at a crossroads: fix threshold and circulation, and the rest starts to work. New Blacswan Perspectives.
https://t.co/yy9r8uGgn1

[Blacswan @blacswan__]

In this edition of Blacswan Perspectives, we outline the twin-engine architecture for Mongolia’s housing finance, pairing access with liquidity to unlock compounding outcomes for households, investors, and policymakers. Read the analysis and subscribe.

https://t.co/oLM9BnFdO7

[Blacswan @blacswan__]

Emerging markets don’t fail because of lack of ambition, they fail because capital behaves like a tourist. Launching Blacswan Perspectives. Our first memo shares why we believe local stewardship and long-term capital matter for Mongolia’s future. https://t.co/BdlEM4MaYv

[Seeking Alpha @SeekingAlpha]

$JEPQ - JEPQ: A Yield Enhancing Investment With Exposure To Nasdaq-100 Companies. https://t.co/P2ufI52i4j #finance #trading #economy

[Ogi Bayarmagnai @khatagin]

If it's that cheap wonder why they don't double down on APU instead of liquidating ~20% of its APU holdings for the last year.

[ISABELNET @ISABELNET_SA]

📌 Food Prices

The Russia-Ukraine conflict drives food prices to record high
👉 https://t.co/blMxcoFA78

h/t @BofAML #markets #food #foods #inflation #cpi
#globaleconomy #commodity #commodities #investing

[ISABELNET @ISABELNET_SA]

🇺🇸 Sentiment

The Fear & Greed Index stands at 39, signaling fear in the US stock market
👉 https://t.co/jJ1iAXzd0Y

h/t @CNNBusiness #markets #sentiment #assetallocation
$spx #spx $spy #equities #stockmarket #investing #sp500

[Holger Zschaepitz @Schuldensuehner]

Good Morning from #Germany where inflation pressure increases. PPI jumped by 30.9% in March YoY, the highest increase ever since the start of the statistic in 1949 b/c price increases following the Ukraine war now taking full effect. Energy prices as a whole were up 83.8% YoY.

[Phil Rosen @philrosenn]

1/ President Vladimir Putin just penned a decree saying Russian companies must remove themselves from foreign stock exchanges like in NY and London -- dealing another sharp blow to Russian billionaires. My latest for @BusinessInsider.

https://t.co/5zIo5Hr5JQ

[Ogi Bayarmagnai @khatagin]

Манай Chi-town-аас гаралтай @EgulenSystems-ийг дэмжиж, хөрөнгө оруулалтын багцдаа хувьцааг нь нэмлээ. Венчур хөрөнгө оруулалт гэхэд friction багатай, дажгүй шийдэл болсон байна.

[Marko Papic @Geo_papic]

Everyone in the macro space is fully on board with the Hydrogen Economy: high growth + high inflation = long commodities / short bonds. I mean... that's my view too!

But then you look at a chart like this... and wonder. Is it time to bet against the consensus?

[Ogi Bayarmagnai @khatagin]

Банкууд "активийн үнэлгээ" хийсний дараа IPO
хийх хэрэгтэй гэж ОУВС зөвлөөд байгаа нь уул шугамандаа геополитик, худалдааны асуудалтай, дээрээс нь капитал контролтой үед IPO-гүү хойшлуулахгүй бол давчуу хугацаанд oversupply үүсэх эрсдэлтэй байна шүү л гэсэн утгатай юм биш үү?

[Blacswan @blacswan__]

@danielpearson Please.

[Metals by S&P Global Energy @SPGEnergyMetal]

Mongolia eyes ramp-up of coking #coal, #copper exports to #China in 2022, says Nagi Otgonshar, Vice-Minister at #Mongolia's Mining and Heavy Industry Ministry in an interview.
🔹More rail lines to come online
🔹Mongolia plans to open copper smelting lines
https://t.co/Y2uLDPc6VQ

[Otavio (Tavi) Costa @TaviCosta]

ISM new orders completely rolled over today.

Just a reminder that declining trends in this indicator have preceded corporate margin contractions since 1995.

Another clear sign of where the business cycle is likely headed.

[Jesse Felder @jessefelder]

'Chinese stocks had almost always traded at a hefty premium to Europe and the U.S., but the rout of the past few months wiped out most of it. At one point this week, the Dragon Index was trading at 13 times forward earnings.' https://t.co/Hf4Up3pTzw

[Kip Herriage @KHerriage]

Update on Turquoise Hill Resources $TRQ and buyout offer from Rio Tinto $RIO

Both Pentwater & Sailingstones response to RIO are must reads. The $27 offer is so low it cannot be taken seriously.

TRQ closed at $28.30 and remains an aggressive buy. #VRA minimum PT $42.

[Shortsighted Capital @ShortSightedCap]

Think qualitative factors get incorporated into valuations faster than in the past.

Kind of an obvious statement... but have noticed these soft factors playing a greater and greater role in pitches.