You've probably heard Chinese stocks are cheap. This chart takes that to a whole new level.
The Hang Seng Index's P/E is now below the Nasdaq's P/B. Those two valuation ratios should not even be anywhere close one another. Source: David Ingles, Bloomberg
UST IN: 🇺🇸 Top 3 spot Bitcoin ETF asset flows:
1. Fidelity: $524m 2. BlackRock: $497m 3. BitWise: $305m Source: Bitcoin Archive
Given apple $APPL woes, nvidia $NVDA is in charge of doing all the heavy lifting of the Nasdaq 100 $QQQ
Source: Trend Spider
Another day, another loss for chinese stocks.
According to Guotai Junan Futures, there are about 30 billion yuan ($4.2 billion) of snowball derivatives products tied to the CSI 1000 Index are near levels that trigger losses at maturity, according to Guotai Junan Futures Co, as the stock rout in China's stock market pushes the derivatives to near knock-in levels. Another 60 billion yuan of the derivatives are 5%-10% away from their knock-in thresholds! Source: www.zerohedge.com
What a tweet by Franklin Templeton
A $1.5T and 77-years old leading assetmanager...
Fortune favors the patient investor. NASDAQ Returns By Year Since Inception
by Quartr
China’s economy spooks markets, and stocks sink.
The CSI 300 has underperformed the S&P 500 by >40ppts over the year. Source: Bloomberg, HolgerZ
The importance about thinking long-term
by Seek Wiser
