It was not a profitable week for the fund, but then neither was it good for the market. The Shanghai Composite Index (SCI) fell 3.38% this week, closing at 2,860.69 points today, down 16.8% from a month ago. But keep things in perspective: The SCI is still up more than 57% this year. Talk of […]
Category: Markets
It’s not the first time we’ve fallen victim to taking a sensible macro view in a market that seems set up to punish anything other than speculative gambling. It could be argued, of course, that this is true of any stock market, but the vagaries of China’s retail-investor-heavy exchanges make our approach particularly doomed to […]
Well, that was different. The Shanghai Composite Index (SCI) closed down 2.98% today to end the week at 3,046.97 points. The Shanghai market lost 6.55% over the week as investors doubted Beijing’s statements that it would avoid tightening measures. We tend to believe Beijing, suckers that we are, and so have decided to stay put. Given […]
The Shanghai Composite Index (SCI) retreated after last week’s excitement – the little guy was all tuckered out. Of course, retreated is a relative term: It closed at 3,260.69 points today, meaning the market is still up more than 79% this year. Still, there seems to be a growing realization in the market that this […]
It’s been an interesting week for the markets, to say the least. The Shanghai Composite Index (SCI), which has spent most of the year seemingly impervious to doubts about the strength of the economy (not that there hasn’t been good news, just that investors seem to have ignored all the bad), finally showed signs of […]