David Ingles @DavidInglesTV Twitter profile | Pikagi

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David Ingles

@DavidInglesTV

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Non-award winning journalist. Host of the China show. Chief Markets Editor @BloombergTV APAC. Opinions Mine. No investment advice. No endorsements.

Manila Shanghai Singapore HK

https://t.co/WmGr1BwE0P

Joined February 2012

Don't wanna be here? Send us removal request.

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@DavidInglesTV

David Ingles

3 years

New regulation in Chinese e-commerce, payments, delivery platforms, music publishing, education, property services etc. wipes out $600B in market cap & counting. Less obvious narrative: improving Chinese consumer protection. Transferring wealth back to the consumer. Thoughts?

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@DavidInglesTV

David Ingles

2 years

Silly question (or maybe not). With Bongbong Marcos set to become Philippine President, how would the administration commemorate the Feb 25 EDSA People Power holiday? Kinda awkward no? #Halalan2022 #Eleksyon2022

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David Ingles

2 years

Safe haven: Gold or Bitcoin? We found out today.

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David Ingles

4 years

Virus recoveries have gone up by 150k over just the last two weeks. This time last month confirmed cases globally were at 100k; we're now pushing 1.3m. Considering the time lag + rate of recovery, the number of people who become well is likely about to surge too.

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2 years

The house special will be Optimus Prime Rib

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David Ingles

4 months

Cocoa prices top $9k. Absolutely insane.

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David Ingles

3 years

India's stock market is about to overtake the U.K.'s (in terms of market cap) for the first time in forever. Could happen very soon, around 3-4% away.

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2 years

Something big is taking place in India 🇮🇳 HSBC’s Fred Neumann has been covering Asia for decades. What’s happening in India is one of the most exciting things he's seen. Must watch.

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David Ingles

4 years

If you're complaining about getting locked in, think about the 60 million people in Wuhan. They've been locked in for close to 2 months. You're probably a few weeks in, max. You'll be fine. #COVID19

@selinawangtv

Selina Wang

4 years

BREAKING: China will lift Wuhan lockdown at #coronavirus epicenter on April 8th. ~60 million have been locked down since Jan 23 in Hubei. Transportation will resume. This is after new official cases in Hubei dropped to zero days ago @quicktake #COVID19

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David Ingles

2 years

This is a super important story right now. Every single economist I’ve had on shows is following this extremely closely.

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David Ingles

6 months

Shares of Japanese bank Aozora are collapsing. Stock's on steepest 2-day drop since it became a public company. Why? Bank reported massive exposure to US commercial real estate.

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David Ingles

4 years

S&P 500 futures see biggest net short in around nine years.

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David Ingles

2 years

South Korea just reported its widest trade deficit on record. This gap is just BLOWING OUT

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David Ingles

2 years

BOOM. JUST IN: Japan has confirmed it has DIRECTLY INTERVENED in the currency markets to halt the yen's slide. This is the FIRST TIME in 24 years Japan has done this since it sold dollars at the height of the Asian financial crisis. Yen stronger. Let's see for how long

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2 years

Boom. China unexpectedly cuts interest rates. PBOC cuts both 1-year MLF and 7-reverse repo rates

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David Ingles

2 years

JUST IN: WSJ reporting Meta will begin large-scale layoffs affecting thousands this week. Employees per report will be notified this week

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David Ingles

4 months

Cocoa is the new crypto

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David Ingles

4 years

Unbelievable. Apple, Amazon, Microsoft and Google combined are now bigger than JAPAN'S ENTIRE STOCK MARKET. In other words, these 4 alone would be enough to create the world's third biggest stock market (behind the U.S. and China). GAAAAHHHH

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David Ingles

6 months

Wow. The Hang Seng Index just fell below 15,000. It's at the same level as during the 1997 handover...

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David Ingles

2 years

First time in at least 30 years that both stocks and bonds are down by this much simultaneously. Where to put your money?

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David Ingles

3 years

Hong Kong’s main stock benchmark is trading below book value. Yup, the entire index.

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David Ingles

3 years

The U.S. stock market is larger than the next 11 combined. Kinda insane.

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David Ingles

2 years

JUST IN: China halts natural sand shipments to Taiwan

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David Ingles

7 months

India is set to overtake Hong Kong to become the world's fourth-largest stock market. It may happen this week assuming current trajectories hold.

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David Ingles

6 months

The most unique market commentary and investment advice you’ll see anywhere anytime bar none.

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David Ingles

2 years

Fed cuts rates next year? A rate CUT has now appeared on the eurodollar curve between June and December NEXT YEAR. Curve's turned negative a week before the Fed even delivers the first hike.

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David Ingles

23 days

China posts biggest monthly trade surplus in at least 24 years, nearly $100B in June

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David Ingles

7 months

You've probably heard Chinese stocks are cheap. This chart takes that to a whole new level. The Hang Seng Index's P/E is now below the Nasdaq's P/B. Those two valuation ratios should not even be anywhere close one another. Pretty wild.

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David Ingles

2 years

China's yield premium over US treasuries is about to disappear for the first time in 12 years.

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David Ingles

4 years

The Philippines sends nurses around the world but now needs more badly at home. Country needs 23,000 of them as coronavirus cases soar.

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Supplier of World’s Nurses Struggles to Fight Virus at Home

The Philippines is known for training nurses and exporting them to all corners of the world, but now the nation finds itself shorthanded just as its number of coronavirus infections and deaths...

www.bloomberg.com

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David Ingles

2 years

Hong Kong released its latest population data and the drop is just a STUNNING visual on a chart. Check out rate of change going back to the 1960s. This is a record decline and it's not even close.

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David Ingles

1 year

If recent history is any guide, this yield surge in T-Bills is a precursor to disaster for the S&P 500. US 6M T-Bill yields are currently 3X the SPX dividend yield. The last two instances the gap was comparatively wide, the S&P 500 crashed 50% over the next 2 years. Just saying

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David Ingles

6 months

Wow. Chinese banks cut 5-year loan prime rate 25 basis points. This was largely unexpected

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David Ingles

6 months

Oops.. Japan unexpectedly enters a recession.

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David Ingles

1 year

The US 2Y treasury posted a 3-SIGMA MOVE, EACH DAY, SEVERAL TIMES IN A ROW. Statistical odds: Once every 50+ million years. This week's volatility predates most dinosaurs (assuming they traded treasuries). And that's not an exaggeration. Math by @DRBCurtis

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David Ingles

6 months

$NVDA is attempting to touch the sun… never seen an MACD like that before

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David Ingles

4 years

BREAKING: NHK reporting Shinzo Abe plans to resign because of health reasons

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David Ingles

5 months

JUST IN Egypt’s central bank: We’ll allow markets to determine the exchange rate Markets:

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David Ingles

4 years

Hong Kong Disneyland will shut after about 100 cases these past three days. Florida's Disney World is open as state reports 37,000 cases over three days. To say the difference in the virus response is stark is an understatement.

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David Ingles

6 months

Breaking News: Bloomberg has learned Chinese officials are considering a market rescue package in the order of $280B. Markets responding nicely initially. Details to follow. Stand by.

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David Ingles

2 years

Credit Suisse reports a net loss of CHF4 billion. That's EIGHT TIMES estimates of CHF500 million.

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David Ingles

2 years

Sri Lanka's stock market's falling apart. Index down nearly 40% from early January peak. Trading's been halted for the day as the index drops 10%

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David Ingles

1 year

US auctioned out 21-day Treasury bills a few hours ago. Yield? 6%. Gawd. Maybe that debt ceiling thingy is affecting stuff, dunno...

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1 year

China reports a sharp drop in inflation to just one percent. That’s the world’s fourth-lowest inflation rate

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David Ingles

4 years

Wow. Check out China's copper binge. Over 2 million tons imported between June to August. Never seen this scale of buys before.

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David Ingles

2 years

That Hong Kong GDP print was something else. Economists were waaaayyy off. It was the biggest miss on record (going back around 20 years).

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David Ingles

4 years

Three graphs that show the success (or lack thereof) in combating #COVID19 First: Cases Second: Deaths Third: Scale of global pandemic

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David Ingles

2 years

Russia defaults on foreign debt for the first time in over 100 years.

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Russia Defaults on Foreign Debt for First Time Since 1918

Russia defaulted on its external sovereign bonds for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.

www.bloomberg.com

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David Ingles

4 years

Quite possibly the craziest chart I've ever made. On average around 50,000 people from China's Hubei province visit Macau every month. That number fell to 4 in February. Not 4 thousand. 4 people #COVID19

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David Ingles

6 months

This could be a strong sign of a bottom in Hong Kong markets. The index's P/B is now at a level that preceded the three biggest rallies (81%, 43%, 55%) over the last decade.

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David Ingles

2 years

Well that's a surprise. Bank of Japan widens yield-curve control band. Dollar-Yen DROPPING

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David Ingles

1 month

Alas, looks like the US economy is cooling quicker than most analysts think. The Bloomberg US Economic Surprise Index has dropped to a 9-year low.

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David Ingles

6 months

WILD morning in Chinese markets. CSI 1000 was down nearly 9% at one point. Gauge is off 6.8% at the break. The more broadly tracker indexes CSI 300, HSI, HSTECH reversed most losses in the morning

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David Ingles

2 years

Bloomberg Economics' global GDP tracker fell to zero in July. Yup, ZERO.

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David Ingles

2 years

This is the worst selloff in U.S. treasuries this century (I like to sensationalize so went with "century")

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David Ingles

3 years

German bund yields are about to turn positive for the first time in three years.

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David Ingles

6 months

Japan's stock market is a good day away from returning to 1989 highs. To give the younger generation a sense of how much a throwback this is, Taylor Swift was 16 days old when this market peaked and the bubble burst. In some way, this chart is 1989.

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David Ingles

4 years

China reports its largest-ever monthly trade surplus. $78 billion dollars in December. Boom.

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David Ingles

2 years

Brent crude rips through the ceiling out of the gates. Prices near $140 early Monday in Asia

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David Ingles

2 years

US inflation may have dropped below zero in December (M/M). If it did, would be first negative print since 2020. Data out Thursday.

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David Ingles

2 years

This is the most oversold Hong Kong equity market in 35 years.

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David Ingles

6 years

Markets loving that tango in Argentina.

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David Ingles

4 years

Mutation alert. Malaysia has detected a strain of the new coronavirus that’s been found to be 10 times more infectious. The strain was also found in another cluster involving people returning from the Philippines.

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Southeast Asia Detects Mutated Virus Strain Sweeping the World

Southeast Asia is facing a strain of the new coronavirus that the Philippines, which faces the region’s largest outbreak, is studying to see whether the mutation makes it more infectious.

www.bloomberg.com

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David Ingles

2 years

Drawdown in Russia’s stock market visualised. As of right now, the drawdown has surpassed drops during the pandemic & annexation of Crimea Blue: Now Purple: Pandemic Green: Crimea Yellow: GFC

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David Ingles

3 years

Have a great weekend.

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David Ingles

2 years

Bank of Japan meeting next week is gonna be liiiiittttttt 🔥 Rates markets betting something’s gonna go. Check out 10-year swaps.

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David Ingles

2 years

Alibaba at its peak was valued at over $850 billion. It's currently worth under $250 billion. Stock's down 70% from peak

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David Ingles

2 months

Nvidia is within single digits now of becoming the world's most valuable company $NVDA •5% away from Apple •6% away from Canada (lol) •9% away from Microsoft

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David Ingles

1 year

Country Garden's January 2024 dollar bond is yielding 2500%. Trading at 9 cents. Any takers?

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David Ingles

2 years

JUST IN: China cuts quarantine for close contacts and scraps flight ban. Details soon

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David Ingles

4 years

Bloomberg Economics recession probability model is at 100%

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David Ingles

5 months

Lol good luck to markets this week. The agenda is insane.

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David Ingles

4 years

You guys wanna see something weird? Check out these massive crowds as hundreds of millions of people travelled across China during golden week. Every city in China is now designated low risk as far as virus is concerned.

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David Ingles

1 year

Breaking: Tokyo inflation comes at a FILTHY 3.8%, above virtually every single forecast. Core, core inflation hits 41-year high

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David Ingles

1 year

Kinda insane. Extremely short-dated Treasury BILLS now offer MORE yield than riskier corporate bonds & 3X more than the current S&P 500 dividend yield. Maybe talk to your bank instead of your broker.

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David Ingles

4 months

Higher for longer? 6 trillion dollars parked in money market funds say 👍🏼

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David Ingles

4 years

Hong Kong has flattened its curve, again.

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David Ingles

3 years

And there it is. The Fed's first rate CUT has now appeared on the eurodollar curve. 2024-2025 just inverted. H/T to the fantastic @EddBolingbroke for this

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David Ingles

2 months

You’ve probably heard “India is expensive”. Just how much more expensive, see below Trading at a massive premium to other peers, particularly in EM and Asia Pac. Comparatively to China, it's trading at 130% premium to MSCI China (based on 12-month forward P/E)

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David Ingles

3 years

Bloomberg Galaxy Crypto Index is now down over 50% from the peak... just 12 days ago. Good Monday morning from Hong Kong

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David Ingles

3 years

Value of the world's negative-yielding debt falls below $10 trillion for the first time since early 2020.

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David Ingles

4 years

S&P 500 valuations are two standard deviations above the 30-year average. I'll just leave this here.

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David Ingles

2 years

Chinese tech stocks cannot find a floor. Hang Seng Tech Index off a further 7.6% this morning in Hong Kong

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David Ingles

2 years

Goldman Sachs, JPMorgan say Adani bonds now offer value. A crisis of confidence does NOT necessarily translate into a liquidity/solvency crisis. But when/if it does, it happens pretty quickly. I had a look at the Adani Group’s debt profile. Here’s a short take.

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David Ingles

2 years

If you think high energy prices are potentially destabilizing, wait until food prices come even a fraction within the types of spikes in oil & gas.

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David Ingles

2 years

Boom, just happened. US 5-30 curve inverts for the first time in 16 years.

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David Ingles

2 years

The U.S. 5-30 treasury curve is within a single basis point of inversion. Put simply, it's basically there.

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David Ingles

4 years

Oh man... Singapore reports a 41% contraction in its economy in 2Q.

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David Ingles

4 years

Boxing great @FloydMayweather has offered to pay for George Floyd’s funeral and memorial services. The family has accepted the offer.

Boxer Floyd Mayweather to Pay for George Floyd's Funeral

(AP) -- Former boxing champion Floyd Mayweather has offered to pay for George Floyd’s funeral and memorial services, and the family has accepted the offer.

www.bloomberg.com

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David Ingles

2 years

This selloff in US treasuries is pretty insane.

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David Ingles

3 months

Chinese tech stocks are up 30% in 3 months.

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David Ingles

2 years

Wow. RBA hikes rates by ONLY 25BPS. First major central bank to pivot to smaller interest rate hikes. Aussie dollar down.

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David Ingles

2 years

Wow. Looks like Beijing just called the bottom. Shanghai Comp +3% CSI 300 +3.8% Hang Seng Index 5.8% MSCI China +7.7% Hang China China Ent. Index +8.3% Hang Seng Tech Index +15% Xinhua reporting China’s State Council vows market support. Things just got really interesting.

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David Ingles

2 years

OMG Japan's yield curve is almost entirely above zero. What a time to be alive!!!

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David Ingles

9 months

Vietnam's market is taking it straight on the chin today.

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David Ingles

2 years

JUST OUT: Strong response from Hindenburg to Adani rebuttal. “We also believe India’s future is being held back by the Adani Group, which has draped itself in the Indian flag while systematically looting the nation.” Wow

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David Ingles

3 months

Hang Seng Index just topped 19,000 again. Rally +27% from the low. And even after that gain, index still trading below 10x earnings

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David Ingles

10 months

This global bond selloff is relentless. Australia's 30-year borrowing costs are about to hit 5%. Forget about the RBA today, this is your big market story.

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David Ingles

4 years

Ouch.

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David Ingles

2 years

Breaking news: that was an ugly inflation report out of Australia. 7.8%!

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David Ingles

2 years

Breaking News: Bank of Japan keeps policy unchanged. Market was positioned for some change. Here’s what you need to know. Risk assets 🚀 Sound on 🔈

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David Ingles

4 years

If you think working from home is a pain, just stop it right there. You’re fortunate to have work to do and a home to do it from.

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