Advertisement
So says Michael Hartnett at BofA.
Zeitgeist: “It would be so on brand in this era of pain trades for Chinese stocks to massively outperform in run-up to US election.”
Tale of the Tape: Chinese stocks hit 50-year lows vs US stocks Jan 22nd (Chart 3), Chinese bonds hit all-time highs vs US Treasuries Apr 25th (Chart 4), and both trades reversing from extremes as China deflation risks fall.
Advertisement
The full text of this article is available to MacroBusiness subscribers
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.
Advertisement