"China’s Shanghai Index: No Longer A Market Leader"
From Slope of Hope:
Take a look at this monthly comparison chart of the S&P 500 Index (SPX) versus China’s Shanghai Index (SSEC).
While the SSEC literally exploded during 2007 compared with the gains made by the SPX, and made an anaemic attempt in 2015, it’s, essentially, gone nowhere since mid-2015.
If this is a harbinger of things to come, I’d say that China is
in for a rough ride over the next few years…particularly in light of
the current trade war with the U.S. And, it’s time for them to negotiate
in good faith, as Senator Grassley has tweeted.
You can see from my post of May 6 that major support sits at 2500 for the SSEC. If it blows through that level, watch out below!...
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