MAG SEVEN SEE PROFIT TAKING, MOODY’S DOWNGRADES CHINA CREDIT OUTLOOK
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
China Credit Outlook
Please click here for a chart of China ETF ASHR.
Note the following:
- The chart shows that at a time when the U.S. stock market has been rising, the Chinese stock market has been declining.
- RSI on the chart shows that the Chinese market is oversold.
- Many strategists are making calls to buy China as it is an opportunity to buy low. ZYX Emerging has covered China for 16 years continuously. The Arora Report ratings on China are currently suspended, but an opportunity to buy China may be near.
December 5, 2023