To The Moon

Portfolio diversification: Mainland Chinese investors may have been investing in non-RMB denominated assets (e.g., HK-listed shares) to diversify potential RMB depreciation risk.  HKEX Expands Eligible stocks/ETFS Under Stock Connect On April 19, 2024, China announced its plans to expand the list of stocks, REITs, and ETFs included in the Stock Connect program. Currently, there are 24 listed companies participating in the yuan share trading counter program. These 24 listed companies may be added to the southbound Stock Connect. To put it simply, this means that mainland investors will be able to trade these 24 Hong Kong stocks in yuan in the future.  AH Premium: A-shares are now 37% more expensive than their H-share equivalents. China is considering a proposal to exempt in

Source: Tiger PC APP The S&P 500 closed at 5222 on Friday. It is now trading at 0.6% below the all-time high of 5254. We may see a short squeeze once the S&P 500 goes above the all-time high. My best-case scenario, based on fundamental analysis, suggests that we may see a 20.5% upside in the S&P 500, ending the year at 5750, with an EPS of 250 and a PE ratio at 23x. Based on technical analysis, I see that the S&P 500 may potentially take a breather at 5556, and 6118 based on Fibonacci Extension. While a 344-point increase to reach 5556 may seem like a lot, it is only a 6% increase from the current price of 5222. The recent 5.46% correction from 5254 to 4967 may appear too shallow for most investors. However, I would like to argue that the correction may have been completed