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2EMMA Featured Topic


Don’t go there!

Perhaps ironically, one of the most famous 4 Horsemen of the Apocalypse paintings is by a Russian:

  • Pestilence (on a White Horse -> COVID !?)
  • War (on a Red Horse -> PUTIN !?)
  • Famine (on a Black Horse -> HYPERINFLATION !?)
  • Death (on a Pale Horse -> TOO LATE !?)

 

For relevant updated news go to the EMMA press pages, or follow the following currently relevant (independent) news:
  • Meduza
  • DW
Russian opposition politician Vladimir Kara-Murza charged with treason

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Russian authorities have opened a new criminal case against jailed opposition figure Vladimir Kara-Murza, RT reported on Thursday, citing an unnamed source. The politician reportedly stands accused of treason.

Russian lawmakers ask Attorney General to address military supply shortage

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Russian State Duma Defense Committee head Andrey Kartapolov and Security Committee head Vasily Piskarev have submitted a letter to Attorney General Igor Krasnov asking him to find a solution to the supply problems plaguing the country’s military, RIA Novosti reported on Thursday.

Riyadh sends a signal. Will OPEC’s production cuts save the Russian economy?

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On October 5, the 24 countries that make up OPEC+ reached a deal to cut oil production by two million barrels a day in a bid to bring prices back up amid a weak global economy. The news caused the price of Brent crude oil to increase to more than $93 a barrel. To find out whether this portends the failure of the West's anti-war sanctions, Meduza spoke to Institute for Energy and Finance president Marcel Salikhov.

State Duma deputy asks defense ministry to ‘stop lying’ about the war

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Andrey Kartapolov, head of the State Duma Committee on Defense, criticized the Ministry of Defense of the Russian Federation for not reporting the whole truth about military action in Ukraine.

Another breakthrough by the Ukrainian army. The northern part of Ukraine’s Kherson region has been cleared of the Russian forces

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In its second major breakthrough this week, the Armed Forces of Ukraine have liberated the village of Davydiv Brid, which stands over the Ingulets River in the Kherson Region. For months, this has been the Russian forces’ main stronghold in that area, and it took two months of determined fighting to make them finally retreat. On October 4, the Russian military blogger Igor Strelkov (a.k.a. Girkin) reported that Russian formations were leaving their positions “to avoid incipient encirclement.” They also cleared out of the larger villages nearby. According to Semyon Pegov, the founder of WarGonzo (a pro-Russian media project), the Ukrainian army “made a major breakthrough” and “established full control” over the road on the left bank of Ingulets River.

British Prime Minister Liz Truss is one of several non-EU leaders in Prague to launch a "European Political Community," as the bloc seeks to enhance relations with non-member states.
The Ukrainian-appointed governor of the region has blamed Russia for rocket attacks on the southern city, which is located near Europe's largest nuclear plant. DW has the latest.
The group included four women, seven children and a man who was brought to Syria when he was 11. German Foreign Minister Annalena Baerbock said the adults in the group will have to "answer for their alleged actions."
With leaders set to meet Friday in Prague, EU Commission President Ursula von der Leyen has floated new gas cap proposals.
A presidential decree signed in Moscow has designated the Zaporizhzhia Nuclear Power Plant in Ukraine "federal property." But Ukrainian operators Energoatom called the move "worthless," as the IAEA head visited Kyiv.
The flight marks the first time a Russian cosmonaut has launched to space from the United States in two decades. NASA and Russia's Roscosmos have continued cooperation despite tensions over Ukraine.

 

2EMMA Featured Data


Pulled conclusions from pooled data compilations

Using some of the world’s largest companies by market cap & some of the most quoted indices + two most sung alternatives: data for this millennia where available

  • At 134x, Apple is the absolute stock price growth winner; with Amazon at 45x and Google at 32x
  • Despite the lack of interest or dividends, gold at 6.6x looks good compared to any other stock or index!
  • Barrick Gold on the other hand seems to be poorly correlated to anything including the gold metal itself!?
  • But Barrick is the only stock producing negative correlations with most of the indices including a relatively high -0.77 with the Euronext100 index
  • If one wast trying to get something totally uncorrelated on purpose- it would be hard to beat: gold and the Euronext100 index at -0.03; or Barrick and the Hang Seng index at 0.04; or gold and Merck at 0.16; or BTC and the FTSE index at 0.19
  • Correlation against a basket of indices & alternatives is best in Disney and Google (0.81-0.82), albeit at different growth multiples
  • If an average historical P/E is somewhere in the 20x range, then the current S&P quoted average which is in high 30s is as warned high, BUT: only Amazon and Visa seem to be widely out of range (justified by growth in online transactions?), with many below current & historical averages
  • In the current world of no interest & no inflation, maybe the higher P/E averages are justified..? For how long, that is a different question…

For hedging ideas, other growth, correlations, or averages- take a look at the data set/:>  the Excel file: 2emma stock monitor or go to the Data Monitor

 

2EMMA Hall of Fame


 

The Economist – Graphic Detail

Almost like it was done by John Graphicon 🙂

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