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In China, Raging Bull
It was a blockbuster week for Chinese equities. An out-and-out barnburner.
On Friday, mainland shares built on stimulus-inspired gains to close the week more than 15% higher.
The CSI 300 is up 17% from the September 13 lows. The beleaguered blue-chip gauge, which was on track for an unprecedented fourth annual decline, logged 4% or better gains during three separate sessions this week.
As the figure shows, this was the best weekly performance for the index since 2008. It's now higher for 20
China inc a meme stock?
A good time to exit (any remaining positions in Chinese equities). Sometimes it is best not to look a gift horse in the mouth. 🙂
Those MCHI puts. So cheap… Who can resist.