HSCEI - after a 2 year consolidation, it's ready for prime time
US markets roaring along with the value rotation well underway since November. This coincides with a move into emerging markets with a weaker US dollar. China is the key constituent within emerging markets and also one of the best performers during COVID still delivering solid GDP growth with continued expectations above 6%.
HSCEI is a value heavy index (Financials, commodities, energy) and so is the best play from a macro point of view, intersecting EM / China / Value (only at 11x trailing PE).
The chart tells the same story and after a 2 year long consolidation, it broke out and as is typical, pulls back to around break out level and ready for the main wave 3 move now.
HSCEI is a value heavy index (Financials, commodities, energy) and so is the best play from a macro point of view, intersecting EM / China / Value (only at 11x trailing PE).
The chart tells the same story and after a 2 year long consolidation, it broke out and as is typical, pulls back to around break out level and ready for the main wave 3 move now.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.