Brave New World: Commodity economics, inflation dynamics and Apple earnings

Ritesh Jain, a Dalal Street veteran, trend watcher and Global Macro Investor, captures global macro investment opportunities and economic, business and financial trends with charts and commentaries in this space.

Chinese 'agri commodities' imports are just breathtaking

Corn imports last quarter were more than they used to import in an entire year.

This could lead to further rise in prices of agri commodities.

Europe’s EV sales surged 137% to 1.36 million units last year, defying a -20.6% drop in passenger vehicle sales.

This is driving strong demand for batteries, which Europe’s car producers have largely sourced from overseas suppliers. But there is now a rush to build a proper battery supply chain on the old continent, with more than 20 projects for battery factories already announced. We remain bullish on metals used in batteries.

Wall street on 'Apple' results

Surprised and upgrades price targets of Apple after results exceed analyst expectations

Secular reason for rise in 'inflation' (Vincent Deluard)

Technology adoption will no doubt dampen some of this inflationary impact.

Global growth seems to be rolling over and second half of the year could be challenging

We could see money rotate into growth, especially if bond yields stabilize here.