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We've been banging on about China for months now, and sometimes readers might wonder why anyone should really care...

Well, here's the Domino effect in action...

Xi Jinping is seriously focused on โ€˜common prosperityโ€™ now. Less for the rich, more for the poor. Back to those socialist/communist roots.

More details on that here ๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡

Macrodesiac News Channel
๐Ÿ‡จ๐Ÿ‡ณ Chinaโ€™s Communist Party Goes Back to Basics: Less for the Rich, More for the Poor ๐Ÿ”ธ President is signaling plans to more assertively promote social equality, with the catchphrase โ€˜common prosperityโ€™ appearing everywhere ๐Ÿ”ธ In a major meeting on financial and economic affairs Tuesday, Presideโ€ฆ

Great, good for China. Doing what the West should do and make society more equal. Power to the people โœŠ (insert hammer & sickle emoji) Wooooo!


The market doesn't care about anyone's personal politics. It cares about money.

It is what it is.

Now, Tencent has pledged $15 billion (approximately half a years profits) to these social projects. ๐Ÿ‘‡

Macrodesiac News Channel
Tencent Doubles Social Aid to $15 Billion as Scrutiny Grows Tencent Holdings Ltd. is doubling the amount of money itโ€™s setting aside for social responsibility programs, marking one of the largest philanthropic efforts by Chinaโ€™s internet giants as regulatory scrutiny intensifies. The company on โ€ฆ

Tencent is down over 43% in these past six months after a string of regulatory crackdowns...

But I don't invest in Chinese stocks, why should I care?

Allow me to explain with three charts...

Aside from the big red weekly candles on the right, what do all of these stocks have in common?

All are big luxury brands...

Between the three of them, they comprise over 15% of France's CAC 40 index (LVMH 11.6%, Kering 3.5%, Hermes 2.6%)

Why are these stocks especially affected?

China is essentially 'banning' excess wealth under the 'common prosperity' goals (that's the message they're sending at least...)

And China is supposed to be the market of the present and the future...

Now, if you believe continuing inequality is the future of the world, luxury stocks is a great way to play it.

Let's see how serious (and capable) the CCP is about solving the inequality issue before jumping to any long-term conclusions...

No such concerns in the US, where inequality continues to widen... ๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡

Pareto wins again.

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Bernard Arnault was briefly the world's richest man, Bezos isn't taking it lying down... ๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡

WSJ News Exclusive | Amazon Plans to Open Large Retail Locations Akin to Department Stores
The online shopping pioneer wants a larger retail presence to sell clothing and household items and facilitate exchanges.

Amazon plans to open several large physical retail locations in the U.S. that will operate akin to department stores, a step to help the tech company extend its reach in sales of clothing, household items, electronics and other areas, people familiar with the matter said.
The plan to launch large stores will mark a new expansion for the online-shopping pioneer into bricks-and-mortar retail, an area Amazon has long disrupted.

The expansion into physical stores has long been part of the plan, precisely because it offers a customer experience and options for higher-end fashion brands to stand out.

There's also the prospect of hybrid-fulfilment centres.

Whatever happens. Amazon is taking over the retail world and nobody's going to stop them.

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Enter the metaverse: Facebook announces Horizon Workrooms, a virtual reality service for collaborating and doing work...

Zuckerberg said "Horizon Workrooms" would serve as an important tool for those seeking a hybrid or fully work-from-home situation without sacrificing the connection of office-life.
"There's an important place for offices for people to come together, but I also think that there's an important place for people who may not want to move to an expensive city, may want to stay with their family or where they grew up, but also wanna get access to opportunities that maybe historically would have only been in New York or in L.A. or in one of these bigger cities,"

It's an interesting product, and part of the metaverse VR future that Facebook is looking to build.

CBS segment to see it in action ๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡

Facebook launches โ€œHorizon Workrooms.โ€ Hereโ€™s how it works
Mark Zuckerberg revealed the new virtual reality app in an exclusive interview with โ€œCBS This Morningโ€ co-host Gayle King.

It's not all that impressive yet but there's no doubting that this kind of tech is in our future.

VR trading would be a real space saver. No more multi-screen setups? ๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡

How the future of virtual reality trading could look, according to Glimpse Group
Glimpse Group is an umbrella company for several different virtual reality businesses with real world applications. The company went public last month and has eight VR groups in its portfolio including tele-health, entertainment, learning programs for schools and businesses. Theyโ€™re also focused on โ€ฆ

How does the Zuck think of the metaverse?

"...the next generation of the internet,"
"So you can kind of think about it as, instead of being an internet that we look at, right, on our mobile phones or our computer screens, it's an internet that we are a part of, or that we can be inside of."

"No need to choose, Neo. Just drop in whenever you feel like it..."

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