If you're allocating capital at a global level, then here's chart that may be of interest:
I've been flagging Chinese equities since Dec-2020 as well as Dec-2019 at 2984 - (see link to related idea) and although it's lagged year-to-date relative to its global peers, I think things are finally starting to move.
My previous comment as follows: "China's Shanghai Composite Index is flat over 5 years, however made a higher low (Mar-2020), which was a rebound off the 26-year channel boundary. The structure is similar to Sept-2006 & Nov-2014 where a long term trend line break led to momentum accelerating. +3670 is LT positive."
I'll be doing some digging...maybe some shares or ETFs for broader diversification.
I've been flagging Chinese equities since Dec-2020 as well as Dec-2019 at 2984 - (see link to related idea) and although it's lagged year-to-date relative to its global peers, I think things are finally starting to move.
My previous comment as follows: "China's Shanghai Composite Index is flat over 5 years, however made a higher low (Mar-2020), which was a rebound off the 26-year channel boundary. The structure is similar to Sept-2006 & Nov-2014 where a long term trend line break led to momentum accelerating. +3670 is LT positive."
I'll be doing some digging...maybe some shares or ETFs for broader diversification.
