China's Stock Market Did Something Important In May 2018

We see an easy ride to the 4200 level which is a rally of 20 percent in the SSEC index. That should happen in 2018. The test of all-time highs another 20 percent higher could take place in 2019.”

We still believe this may occur in 2018, though we want to see strong action in China (SSEC). What are the odds China will do well in 2018? We believe the odds are very high, because Emerging Markets Are Very Bullish In 2018 and 2019. As emerging markets are expected to outperform, China is likely to get influenced by this.

We have said many times that FXI ETF is a great way to play China’s great bull market, and we still strongly believe in it. Although on a tactical level (medium term time frame) China may be consolidating, on a secular time frame (long term) China’s stock market is in a very powerful bull market. Again, patience will get rewarded.

china stock market 2018

 

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