People’s Bank says it will resort to “more powerful” policies to stimulate China’s economy but leaves details vague
Think of it as a first step toward a policy move and not as an actual plan for action. In its quarterly monetary policy report released Sunday, the People’s Bank of China said it will resort to “more powerful” policies to counter unprecedented economic challenges from...
Buying Meituan Dianping in my Volatility Portfolio on Monday
I'm buying Meituan Dianping (MPNGF) on prospects for a China rally and on a gradual return of consumer confidence in China. The company, backed by Tencent Holdings (TCEHY), said that its food delivery business began to recover in March, when shuttered restaurants...
5 MORE smart, short-term moves while we wait for longer-term trends to resolve
In my recent post "What do you do when the market is insane and you're not?" I argued that one of the dangers in a very volatile market with strong--and temporarily profitable--short-term trends is that we'll give in to the pressure to do something--and do something...
China GDP plunges by 6.8% in first quarter
China's gross domestic product contracted by 6.8% from a year ago in the first quarter. Economists had projected a 6.0% drop. The decline was the worst since the government began releasing quarterly GDP numbers in 1992. Other numbers in today's data dump were equally...
Removing Luckin Coffee from my list of Buy on the Dip future opportunities on 75% loss today
This morning the board of Luckin Coffee (LK), the fastest growing coffee brand in the world, announced that it had told the U.S. Securities & Exchange Commission that it had initiated an internal investigation into the possibility that former COO, Jian Liu had...
The odd mini rally in China stocks
It was less obvious today when there were other splashes of green among global stocks. But on Monday and Tuesday, the trend was readily apparent since so few stocks moved up on those days and so much of the market was colored a bright red. Oddly enough some China...
Markets climb–it looks like short-covering to me
As of 1 p.m. in New York the Standard & Poor's 500 was up 1.61% and the Dow Jones Industrial Average was ahead 1.59%. The NASDAQ Composite had climbed 1.94% and the Russell 2000 small cap index had gained 1.68%. Overseas the iShares MSCI Emerging Markets ETF (EEM)...Shanghai stocks close 7.72% lower; damage today is limited to China holiday catch up
Selling in Shanghai and Shenzhen A shares, which trade on those two mainland China exchanges with limits on overseas ownership, drove prices on those two exchanges lower today with the Shanghai Composite down 7.72% and Shenzhen A shares down 8.41% at the close. This...Saturday Night Quarterback says, For the week ahead expect…
...the big event of the week to take place at the very beginning of the week when the Shanghai Stock Exchange reopens for trading after being closed for a week for the New Year's holiday. Mainland Chinese investors have been left on the sidelines unable to trade...
Adding JD.Com to my Volatility Portfolio on strength of Singles’ Day performance and ahead of Friday’s earnings report
Last time I owned Alibaba (BABA) e-commerce competitor JD.Com (JD) I got a 25% short-term pop. I think it's time to go back to that trade again. JD.Com sold $29.17 billion in goods during the recently completed Singles' Day shopping frenzy. That was a new record for...
Ready for the “October 1 rally” in Chinese stocks?
October 1 is National Day in China. That's always a big deal as the country celebrates the founding of the People's Republic. But it's an even bigger deal this year since this October 1 marks the 70th anniversary of the founding. Speculators know that in the run up to...Jim’s Stock Alerts
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