China Watch: Bull Market Ahead?

By |2016-12-01T15:45:10+00:00January 6th, 2015|Categories: Technical Perspective|Tags: , , , |

Something interesting is happening in China. Financial stocks are surging relative to the broad market. The "hockey stick" liftoff began in late November when the People's Bank of China (PBOC) cut policy rates for the first time since 2012. China is the world's only large economy with room to pursue conventional monetary policy. Further rate cuts are likely as falling energy costs put downward pressure on consumer prices. Investors should keep close watch on FXI, the most [...]