With the Chinese holding the healthiest (most liquid) balance sheet in the world, cutting rates, and cutting domestic taxes, where is the next big move in the chart below?
The Shanghai Composite Index up another +2% last night at 2015. I have a major “Trend” breakout line sitting 13 points away, and my team remains as bullish as they have been on Chinese prospects to re-accelerate growth from the Q4 lows in Q1 of 2009.
We remain long both the FXI and EWH etfs. Buy them on down days.
KM
The Shanghai Composite Index up another +2% last night at 2015. I have a major “Trend” breakout line sitting 13 points away, and my team remains as bullish as they have been on Chinese prospects to re-accelerate growth from the Q4 lows in Q1 of 2009.
We remain long both the FXI and EWH etfs. Buy them on down days.
KM
