Chartbook Q1 2024
Our text-based macro indicators have been pointing to an improving macro backdrop in China since February this year, which tends to be positive for equities while signalling headwinds for bonds.
![](https://www.interlectanalytics.com/content/images/2024/04/Chart-Maci-and-Support-Indicator.png)
Also see DeepDive: Nascent Signs of an Improving Outlook in the PBoC’s Messaging and QuickScan: Watching the Long End of the Curve