Shanghai Composite

7 Feb 2020 ‚óŹ 08:22 AM

The Chinese stock market is not crashed on Coronavirus a some would like to think. Yes it had some bad one days but that is about it. the fall ended this week in a 5 wave decline. The decline itself is wave C of 2 a retracement of wave 1 that marks the start of a trend higher. Wave 2 is now complete so wave 3 up is starting and should make new 52 week highs in the coming months. The markets are discounting the issue quickly and so should you from an investment perspective. It has permanently affected the near term earnings and growth projections for many industries is a fact. But it might not be a permanent damage to the world economy for years to come.

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