Is it finally time for the market to realise that the Chinese economy and US economy are at completely different cycles right now and the Chinese government has its disposal, a QE program that the US would love to be able to use right now but can not as long as inflation is above 2%.
The Chinese economy needs a stimulus package, there is a real risk of deflation as it struggles to get going after Covid. The policy makers have done an excellent job controlling the economy for the last few decades and I expect this to continue.
$KWEB and $BABA are in very good positions to capitalise on this now, both are showing that Wave 2 is complete and Wave 3 is next but yet to be confirmed.
AndHellFollowWithHim
2023-06-15 16:16:44 +0000 UTCGareth Neary
2023-06-15 14:32:12 +0000 UTCChemguy
2023-06-15 14:20:48 +0000 UTC