By Chris Becker
Wall Street stumbled at the end of the session as all eyes were on the growing impeachment saga instead of the fundamentally divergent bubble that is occuring across risk markets. European markets also kept tripping up as the Santa Claus rally loses steam going into the final trading weeks of the year.
Looking at the action on Asian markets yesterday where the Shanghai Composite was unable to advance significantly past the long held 3000 point resistance level, lifting only 0.1% to 3027 points, while the Hang Seng Index was similarly unchanged and unable to beat it previous October highs, closing a handful of points higher at 27851. The daily chart shows this breakout has more upside potential if it can exceed the former October highs with momentum not yet overcooked:
