Is China foreshadowing economic pull back?
$SPDR S&P 500 ETF(SPY.US$ Is China foreshadowing an economic drawback? Or is this an example of statistical arbitrage? Historically, China’s economy tends to move with the US economy, but tends to have a higher beta. This has been apparent even this year with China’s overall decline. There have been instances where large cap Chinese stocks foreshadowed the next move of the S&P500. Is this one of those times? Or is this a statistical arbitrage play? #daytrading #investingtips #investing #china #alibaba #pinduoduo $PDD Holdings(PDD.US$ $Alibaba(BABA.US$ $iShares China Large-Cap ETF(FXI.US$
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