Bull In A China Shop Or Canary In A Coalmine?

Bull In A China Shop Or Canary In A Coalmine?

Tom Fitzpatrick Tom Fitzpatrick

Tom Fitzpatrick

The ShoeFITZ again

发布日期: 2024年9月24日
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Back In January 2024 a very bullish technical picture developed in Chinese equities (with particular focus on the HSCEI index) that suggested the potential for much higher levels. That ultimately led to a rally of over 40% by May before it started to fall again into the August lows.

Today's stimulus announcements from China can be viewed two ways.

Positive that they are stimulating aggressively

Negative that they have to stimulate this aggressively with the China 2-year yield having already gone to 1.35% recently just 4 basis points above the low it collapsed to in Covid at 1.31% in April 2020.

Read the full piece at https://shoe-fitz.rjobrien.com/bull-in-a-china-shop

David Nealis 倪大伟

Nothing important has ever been built without irrational exuberance

1 个月

As much as I’d like for it to be sustainable I don’t believe it will be, China’s issues are deeper than a stimulus package.

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