Global funds rotate from US market into China
After declare of China large stimulus measures, It is clear that global funds are retreating from US market and pouring into Chinese stocks at this time. All Chinese stocks are rising significantly since last week.
Since crash of housing market, Chinese citizens have been in despair for long time and they’re so desperate right now to gamble all their money into stock market to recover their lost or get rich quick.
It will drive Chinese stocks more crazy and become bubble in very short time.
I have position in $Futu Holdings Ltd (FUTU.US)$ and I buy more today because the uptrend momentum is so strong and I don’t think it will stop anytime soon.
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LookJock : The leeks are ripe.
Huang he : International capital is coming in droves. Will the government worry about losing control if there is a sharp rise in the short term? Will it eventually lead to a stock market crash? The floodgates are now open, and the Chinese stock market may run wild for a period of time.
股神只是虚名 : Is SOXL consider Chinese stock?
SPICYDOC辣刀客 Huang he : reason being too undervalued.
Phil Dunn OP 股神只是虚名 : SOXL is US semiconductor ETF
Phil Dunn OP Huang he : China government wants the stock market to turn bullish to create wealth effect thus boosting consumer spending. This thesis remains intact as long as bull market keeps running on.