|
September 20, 5:00 pm EST Global markets continue to melt-UP. Ironically, Trump’s promise to slap an additional $200 billion on Chinese goods proved to be the marker for “risk-on.” As we’ve discussed, the reaction from global markets tells us that reforming China is a good thing. Among the confirmation signals we’re getting on that theory: 1) Japanese stocks are surging (as a beneficiary of fair trade), 2) Chinese stocks are bottoming (perhaps a more sustainable and balanced economy in its future), and 3) the Dow is finally playing catch up (the U.S. stock index that has been punished by trade uncertainty). Let’s take a look at the charts … As you can see below, Japanese stocks are finally making a run back toward the highs of last year. |
 |
|
Chinese stocks have put in a key reversal signal (an outside day) into a double bottom. This is following a 50% decline from the 2015 highs.
|
 |
|
And after eight long months, the Dow finally surpassed the January highs today. |
 |
|
If you haven’t joined the Billionaire’s Portfolio, where you can look over my shoulder and follow my hand selected 20-stock portfolio of the best billionaire owned and influenced stocks, you can join me here.
|