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Don't think the rally is sustainable. The fundamentals such as property prices and private debts likely to remain subdued and unlikely to change much. This is because the recent stimulus package was almost the same as before and had failed to stimulate the economy previously. What has changed is the US rate cut causing possible carry trade that brought back trilions from the US market. So if the Fed were to hold the rate higher than those in China for a longer term, the carry trade and money flow might stop or even reverse, depending on how the US market reacted to the November rate cut.
https://www.zaobao.com.sg/news/china/sto...30-4891267
(This post was last modified: 03-10-2024, 09:52 AM by
teaserteam.)
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China aso has many jobless ermaos meh?
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Spread rumurs here, not useful lah.
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USA rally far too long and of crash will be damn jialat how about those bought at the peak?
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Humtum one
