I'm a kiwi bird, of course I'm cute
Gotta love all the spin the bankers are putting on this ...
https://www.cnbc.com/2022/10/24/asia...omic-data.htmlTai Hui, JPMorgan Asset Management’s APAC chief market strategist, said a combination of factors has been driving the Hong Kong market recently, including higher U.S. Treasury yields.
Investors may also have expected policy measures to be announced during the Communist Party of China’s 20th National Congress, which closed over the weekend with President Xi Jinping loyalists tapped to form a core leadership group.
“Since the meeting is mostly about personnel changes, the economic recovery might not come as soon as we have hoped,” Tai told CNBC in an email.
For the record, HSI closed at @15180 today, down 1030 points (6.36%), 13yrs low on resounding news of the great paramount leader's becoming Emporer for life..
No longer falling knife, more like a Saw..
I scrolled through expecting some outrageous calls, but honestly cant even find a single post which is close to gold. I did find the above though which seemed funny and correct. Having a banker who is always wrong can be more valuable than a good one, as long as you know who's who.Original Post Deleted