Chinese M1 Monetary Supply became bearish on World Equity
What is the Chinese M1 Monetary Supply factor?
Monetary supply measures the amount of monetary assets available in an economy. The metric is important because it can affect inflation and interest rates, both of which have a major impact on the general economy. It includes physical money - both paper and coin - as well as checking accounts, demand deposits and negotiable order of withdrawal (NOW) accounts. Read more here.
What does this change mean?
This change means our AI platform is telling us that the Chinese M1 Monetary Supply factor is now supporting a more bearish outlook on world equity. As such, any asset classes in our portfolios that contain world equity will potentially go underweight (i.e. decrease portfolio’s %) over the coming months.
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DISCLAIMER: The Responsive.AI Update does not constitute investment advice and is for information purposes only. Responsive Capital Management bares no liability for the usage of this data and the data is provided as is.
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