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FOMO Charts From China’s Black Swan Rally
The sense of "FOMO" in China is "increasing."
So said Goldman's Scott Rubner on Monday, a session during which the SHCOMP scored what, if I didn't know anything about state-buying and retail psychology in Chinese equities, I'd call an "unlikely" 8% single-session rally.
But I do know a thing or two (or five) about how impactful state-buying in China can be (when it's determined enough, otherwise it can be wholly ineffectual), and also a bit about locals' sometimes hilarious penchant for specul
