Escape from Rate Hike to Rate Easing
FED is raising rates while China is doing the opposite. US tech stocks are vulnerable to any news of rising rates, while the traditional banks and value stocks are not exactly value for money, having gone up in price due to re-allocations by major funds. I have sold most of my US tech stocks to buy Chinese high growth tech stocks listed in HKSE. It is like going back in time to Nasdaq 2020/21. Moo moo enables us access to the world's major stock markets. I plan to make full use of it. 🙂
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
SunBird : Which are the US stocks that you gave up and which are the Chinese stocks that you bought?
Upncoming1841OP SunBird: I sold $Astra Space (ASTR.US)$ , $Ginkgo Bioworks (DNA.US)$ & $Quantum-Si (QSI.US)$ at a loss and bought $XPENG-W (09868.HK)$ $SENSETIME-W (00020.HK)$, and my fave $WYNN MACAU (01128.HK)$.
Milk The Cow : Oh, that is a very interesting way of thinking
Jeff Boyd : Unless the Chinese companies move their listings, the impact of Fed tightening will likely impact them almost as much as US companies as most shares will be owned by US residents who are impacted by Fed actions, araid of delisting and fearful of Chinese companies.