Batik, Bytes, & Building the Future

Why we are investing in Indonesia

This letter reads WAY better in your browser than in your email - so do yourself a favor and click on the title above to read it that way.

Chip stocks are almost 10x PE cheaper in Asia…

The Dollar

Source: Fidelity

Good place to start a ROW bull market huh.

The Dollar continues to threaten a breakout higher.

The Scoreboard

The US is now above a dozen countries. Note that 3 of the 5 countries actually green over the last week come from the 7 that are red YTD. That is one of the reasons I am now in Indonesia. That and

The Blind Squirrel

’s recent piece pushed me over the edge! More on that later…

Interesting Data

Canada - EWC 0.00%↑

Nice jump in manufacturing sales for Canada.

Colombia - COLO 0.00%↑

Really nice retail sales continue in Colombia.

UK - EWU 0.00%↑

Negative UK home prices again.

Singapore - EWS 0.00%↑

Singapore’s non oil exports are RIPPING…

Brazil - EWZ 0.00%↑

This is big - let’s Brazil start looking at a serious rate cutting cycle. At the same time - services inflation refuses to go away which we have to watch moving forward.

South Korea - EWY 0.00%↑

Impressive.

Japan - EWJ 0.00%↑

That does not look deflationary.

India - INDA 0.00%↑

Dang…

Interesting News