As the month of April draws to a close, here are a few things I've noticed that might not be on everyone's radar:
The dollar continues to show strength, yet the European markets have outperformed the US markets.
A strong dollar is actually bad for the emerging markets, but nobody told the emerging markets that and that's why they ran away from everyone in April, especially China stocks with a Hong Kong listing. $ICHN (-1.75%)
The A-shares $XCHA (-2.55%) were somewhat weaker but still stronger than Europe / USA.
Unfortunately, nobody saw this recovery coming...
*cough*(https://getqu.in/diliTw/
https://getqu.in/CyyT6s/ ) *cough*
and the majority are underinvested in the emerging markets in general and China in particular.
😉
Personally, I think there is still room for improvement, sentiment towards China is still extremely poor. Anyone who wanted to sell has probably already done so.
As long as our beloved CCP doesn't screw up again, I see the potential for surprises on the upside.
See you later comrades 🐼🚀🌔
