July 10, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

China’s Producer Deflation

Please click here for a chart of China ETF ASHR.

Note the following:

• The chart shows that unlike the U.S., the Chinese market has not staged a significant rally this year.  China is important because it is the second largest economy in the world.
• The stock market rally in the U.S. is driven by the AI frenzy that has caused money to flow into seven magnificent stocks.  The magnificent seven stocks are Apple (AAPL), Amazon (AMZN), Alphabet (GOOG, GOOGL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA).