HSI
Added 2024-12-13 13:04:21 +0000 UTCThe HSI finished the week retesting the 0.5 Fib from above and below the 50 Day MA
I think the market was expecting a headline figure that China will spend X on the economy immediately but they have already announced a $1.7 Trillion dollar stimulus over 5 years in Sept.
The fact remains, they are taking aggressive steps to stimulate their economy and their prospects for the next 5 years look good and can always be revised higher if needs be.
Their target growth of +5% is their main priority (almost double that of the US) so they believe achieving this will sort all issues....I think they needed to address the property sector and their pensions and that seemed to be the main take from this weeks Economic Conference.
If Xi has declined to attend Trumps inauguration, I would be surprised if a separate state visit was not organised as a counter.
I have maintained my positive outlook for the HSI over the next 12 months and the chart shows the same.
