Chinese shares are underperforming the S&P 500 Index by the largest margin in history. The MSCI China index trades on around 11 times expected earnings for the next 12 months. Jefferies’ Wood maintains that Beijing wants the stock market, rather than real estate, to become the repository of Chinese savings. More than $25 trillion dollars of household savings are currently parked in deposit accounts. They won’t stay there forever.
$BABA-W(09988)$ $Alibaba(BABA)$ $BABA-W(09988)$ BABA seems to hold up pretty well last week. It closed slightly Lower than the previous week but compare to the overall market it outperformed it. The overall market seems will continue the downward trend this week but BABA should be fine.
I didn't beat the market this year (yet). I hope I do. It has been a rollercoaster 8 months. Will be more diligent in trading next month till end of year. Trying to beat the market 🤣 I'm considering to take a gap year. I am almost at the half way mark to my number. Time to unwind a little before the last run! I had my first dance, I wanted a second soon. Hopefully my last dance is when I pass this wealth to my loved ones. They have done a lot and they deserve better! $Palantir Technologies Inc.(PLTR)$ $NVIDIA(NVDA)$ $Amazon.com(AMZN)$