The July 2021 edition of 'Netra' (our 'Early Warning & Signals' guide through charts) is out now!😎

Check out this thread👇 for the latest update.

If you want the full document, download it here: https://t.co/wkwXBkvafQ

Auto & Ancillaries generally outperform Nifty in most upcycles. Can this sector repeat the same? If it does, it will be quite an opportunity!

Download full deck: https://t.co/wkwXBkvafQ
Higher oil prices may not be all that bad, at least until they aren’t 'hurting'.

So the next time you see higher prices at the petrol pump, think about higher exports for India as a consolation.😑

Download full deck: https://t.co/wkwXBkvafQ
India's FX reserves are higher than its external debt. That makes India better-placed to withstand external vulnerabilities like a ‘Taper Tantrum’ & makes it a ‘Buy the Dip’ play on a tantrum.

Download full deck: https://t.co/wkwXBkvafQ
Income-inequality is a sticky & legacy issue in India. Crises causes the weak to become weaker & calls for a policy intervention.

More often than not, the best curve is faster growth, not redistribution!

Download full deck: https://t.co/wkwXBkvafQ
Credit growth has been declining for many quarters. Industrial credit has been contracting.

Are we at the cusp of a recovery? If demand recovers, we have a good chance. Financials will benefit immensely from this.

Download full deck: https://t.co/wkwXBkvafQ
Inflationists will tell you that bond markets are under the control of central banks. But are they really?

When was the last time the yield on Junk bonds became negative, while inflation & growth were rebounding? Never!

Download full deck: https://t.co/wkwXBkvafQ
Market-implied measures of inflation are better at indicating inflationary pressures than Central Bank rhetoric or economist consensus readings.

In fact, market participants have missed 3 decades of disinflation in developed markets!

Download full deck: https://t.co/wkwXBkvafQ
'Value' & 'Growth' styles have diverged over the last decade and COVID accelerated the trend towards Growth.

This divergence is now at a historic extreme. Buckle up!

Download full deck: https://t.co/wkwXBkvafQ
In the wake of the 2008 financial crisis, People Bank of China came out all guns blazing & kept firing for far too long! It is not repeating the same mistake again. This could have negative implications for commodities.

Download full deck: https://t.co/wkwXBkvafQ
Shortage of manufacturing labor is a leading driver for 'Robot' demand in China, met by imports from Japan.

Is it an indication of a new era of automation & artificial intelligence, causing unemployment?

Download full deck: https://t.co/wkwXBkvafQ

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A brief analysis and comparison of the CSS for Twitter's PWA vs Twitter's legacy desktop website. The difference is dramatic and I'll touch on some reasons why.

Legacy site *downloads* ~630 KB CSS per theme and writing direction.

6,769 rules
9,252 selectors
16.7k declarations
3,370 unique declarations
44 media queries
36 unique colors
50 unique background colors
46 unique font sizes
39 unique z-indices

https://t.co/qyl4Bt1i5x


PWA *incrementally generates* ~30 KB CSS that handles all themes and writing directions.

735 rules
740 selectors
757 declarations
730 unique declarations
0 media queries
11 unique colors
32 unique background colors
15 unique font sizes
7 unique z-indices

https://t.co/w7oNG5KUkJ


The legacy site's CSS is what happens when hundreds of people directly write CSS over many years. Specificity wars, redundancy, a house of cards that can't be fixed. The result is extremely inefficient and error-prone styling that punishes users and developers.

The PWA's CSS is generated on-demand by a JS framework that manages styles and outputs "atomic CSS". The framework can enforce strict constraints and perform optimisations, which is why the CSS is so much smaller and safer. Style conflicts and unbounded CSS growth are avoided.