The lesson that might be gleaned from China’s experience is that a reset in valuations for US tech stocks may not be complete until the Fed’s monetary tightening has first been completed. What’s more, it’s not just the “P” in the PE Ratio that must be considered but also the “E.” If valuations continue to revert to more normal levels AND earnings estimates continue to come down (as leading indicators suggest), then the decline in prices may have only just begun. READ MORE
Similar Posts:
- China to Exert Greater Financial Discipline This Year (BNP Paribas AM)
- Vietnamese Verses Chinese Retail Investors (AFC)
- Lessons From a Decade of Chinese Stock Trading (WSJ)
- Made in China 2025: How Much of a Threat to West is Beijing’s Tech Plan? (SCMP)
- Stop Worrying About Chinese Debt? (The Asset)
- Evergrande Explained (KraneShares)
- Templeton’s Chow: “No Reason the Goat and the Bull Cannot be Friends” (Mobius Blog)
- Accounting Fraud and Abuse Still Widespread Among Listed Chinese Stocks (CMN)
- An Asian Perspective On Trade Plus Mexico Becomes The Second Front (Northern Trust)
- 2021 Midyear Asia Economic Outlook: Divergent Recoveries (PineBridge Investments)
- Lessons from Autohome Inc’s Battle With Foreign Shareholders (Bloomberg)
- China Has $67 Trillion in Potential Consumer Spending Over the Next 10 Years (Nielsen)
- No Improvement in Asia Pacific Corporate Payments in 2015 (Coface)
- Chinese Tech Stocks Down But Not Out As Sentiment Shifts (FA)
- 2021 Midyear Asia Fixed Income Outlook: Fundamentals Trump fears (PineBridge Investments)
