The world’s new bull market

Advertisement

For those willing to bet on whether Emperor Xi got laid this morning. I buy the possibility of China’s domestic stocks being able to rally through the US recession, not least because I see the property adjustment as structural so easy credit seems assured. But not Europe as the ECB chases the Fed. The Market Ear.


Unstoppable Chinese equity bull

The CSI 300 extended the move higher, closing at the highest levels since mid September. Note the 200 day comes in here, so maybe time for a small pause at least…


Refinitiv

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.