Posted 2/9/2024, 12:09:00 PM
Nvidia Soars to Equal Entire Chinese Market Cap Amid Tech Rise and China Declines
- Nvidia's market cap now equals the entire Chinese stock market, showing Nvidia's meteoric rise and China's declines
- Nvidia has soared 228% over last year while Hong Kong's Hang Seng index dropped 26%
- Analyst compares China's struggles to Japan's in 1990s, sees opportunities in "best of breed" stocks
- U.S. stock positioning flipping from tailwind to headwind, but "tops are a process, lows are a moment"
- Multiple signals show bubble could be nearing end, but may continue rising until certain yield/inflation thresholds hit