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Here's a sentence that might get me criticized but is the absolute truth: The US stock market specifically chooses to surge during China's stock market holidays; it's not a coincidence, but a precise timing to target our holiday windows!
Take this year's May Day holiday as an example: China's stock market was closed for five days, and the US stock market skyrocketed—Dow Jones surged by 790 points, the S&P 500 first broke above 7,200 points, and the Nasdaq hit a new all-time high. Google soared 10%, Qualcomm rose over 15%, all leading the charge.
Some say it's because their economy is strong and their earnings are solid, and that's true, but why does it always happen right when we're on holiday? Last Spring Festival, last National Day—wasn't it always the case that whenever China's market is on break, the external markets go into collective celebration?
Even more painful is: after the holiday, when China's market opens, it either gaps up then drops or simply ignores external trends and declines independently. People think it's good news, but actually, they've already played out their expectations and are just waiting for us to come in and buy the dip!
Don't talk to me about US stocks being in a bubble or crashing sooner or later—people have been shouting that for three years. Meanwhile, their indices hit new highs every day, and we're still dragging around at 3,000 points.
Let's admit it: the "holiday curse" of the Chinese A-shares fundamentally reflects the gap in influence and confidence! Since the 2008 financial crisis, they've risen from 8,000 points to 50,000 points, a continuous 18-year climb.