Monday morning links
Anicom, the automotive chip crisis, Jeff Gundlach, Stan Druckenmiller, Chris Redl
I spent much of last week writing a commentary on the automotive chip shortage and how it will affect the auto industry. There is compelling evidence that the chip shortage is finally easing. This will impact both auto OEMs and parts suppliers, with some benefitting and others not. Also, check out Smartkarma’s Chris Redl’s video on the same topic, published last Friday.
The other major news is that Hong Kong has scrapped mandatory hotel quarantine for overseas arrivals, starting from 26 September. PCR tests will also be needed on arrival for several days afterwards, together with three days of self-monitoring, during which visitors cannot visit bars or restaurants. While this quite mean open borders yet for Hong Kong, it’s a step forward in its recovery from COVID-19.