China vs USA Tech Stocks
The chart below shows the path of US vs Chinese tech stocks. The funny thing with markets is that often the prevailing narrative is shaped more by price than anything else, and in that respect given what I outlined on narratives and perceptions above it’s probably no surprise to see the divergent paths here. $Invesco QQQ(QQQ)$ $Invesco China Technology ETF(CQQQ)$
It’s another prompt to have a rethink with regards to a possible closing of the gap in that chart (whether by China catching up or US catching down, or some combination), and also a reminder of the twists and turns in markets (i.e. they don’t just go in a straight line!).
Just remember, the trend is your friend — until it bends…
And things might be about to get bendy!
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