Amazon eyes stake in India's Reliance Retail

Amazon eyes stake in India's Reliance Retail.

• Amazon (NASDAQ:AMZN) is again setting its M&A sights on India, where it is engaged in a pitched battle with Walmart's (NYSE:WMT) Flipkart in what is viewed as one of their most important growth markets.

• According to the Economic Times, Amazon is in exploratory talks with Reliance Retail for buying up to 26% stake in India's biggest brick-and-mortar retailer.

• Talks began after Reliance's negotiations with Alibaba (NYSE:BABA) fell through due to differences over valuation.

BX to Buyout remaining 50% India Bulls Real Estate Trust for $700M

BX to Buyout remaining 50% India Bulls Real Estate Trust for $700M

Among EMs, India one of our favourite markets, says Brookfield’s Anuj Ranjan

Among EMs, India one of our favourite markets, says Brookfield’s Anuj Ranjan

Brookfield focused on India

Silicon Valley Looks North as Tech Giants Expand in Toronto

Average Tech salty is US$ is 71K in Toronto compared to $150K in San Francisco.
Same argument as to why Toronto Dowtown Condo prices have gone ballistic as they compare very cheap in US$.

Nixing Silicon Valley, US companies are now tapping Canada for tech talent

Silicon Valley Looks North as Tech Giants Expand in Toronto

Amazon, Taking On Walmart in India, Opens Largest Campus In Hyderabad- 15K New Hires

Amazon is building its biggest global campus which it will own and Will house 15K employees in. India which is a huge retail market (next only to US and China) has only 3% is sales in eCommerce with rest in brick and motor. This will likely grow to 50% some day and also the growing India middle class and population means retail pie will keep growing at fastest rate in the world. AMZN is investing heavily in India and mag also buy 10-20% of Reliance Retail a brick and mortar retail company owned by Mukesh Albani’s Reliance Industries.

Global Developed Market Bond Yields Snapshot

Global Developed Market Bond Yields Snapshot shows a very strange phenomenon.
30 year German and Swis Bond yields are 0% so P/E can be thought of as infinite.
US 30 year bond yield is 1.9% so P/E is 50+. 

Compared to this strong companies that can survive a recession and grow earnings long term are a bargain at 10-20 times P/E.

S&P 500 Divd Yield > US 30 Year Bond Yield

S&P 500 Divd Yield is greater than US 30 Year Bond Yield. Last such occupancy was in Mar 2009 after financial crisis crash. That was the case of stocks dropping sharply and stock dividends rising to closer to 5+%. Today's 30 year bond yields are 1.9% so just about inflation rate. Keep in mind Bond yield are static while S&P 500 strong companies will increase the dividend over the 30 year period significantly.
Strange times we are in. Risk is off and market favors Bonds right now over stocks.