Before the week kicked off, the analog was warning of the next decline phase for the Chinese market. Abandon All Hope, Ye Who Enter Here.
In the past week, the analog did turn down.
In order to take out the 52-week low set in September, the ChiNext would need to fall 10%. The Nasdaq declined into day 269 post peak before seeing a meaningful bounce and a change in the pace of decline. Were the ChiNext to follow this path, the timing of the bottom would be mid-July to mid-August. The Nasdaq fell 53% over this period. A similar drop in the ChiNext would carry it below 1000 points. ]
Such a decline is unlikely to happen in isolation and the implications for global markets are bearish. It appears the decline will kick off in early March.
Major bank: Australian dollar is back, baby!
-
Goldman with the note. AUD: Back to the beta. Rising equity prices have
been the primary driver of easier financial conditions this year, despite a
brief...
No comments:
Post a Comment