$Alibaba(BABA)$has drop more than 80% since Nov 2020 as $iShares MSCI Emerging Markets ETF(EEM)$drop 19% from new high. Many fear in the Chinese market as government crackdown on company financial and new restrictions. Similarly to many Chinese stocks, could we see a recovery downturn on Chinese stocks? Such huge drop can createopportunity.
Bitcoin has recently fall heavily early Dec, consolidated, false breakout, consolidate and eventually fall. Bitcoin has followed US10 Yield closely throughout 2020 and recently has fallen even after US10Y has climb to high since Mar 2021.The recent drop is cause by omicron, closure of cryptocurrency in china and the recent Kazakhstan internet outrage due to political and economy issue. Bitcoin is a best hedging against inflation which rally throughout 2021. With liquidity supply on bitcoin climb, could we see a rally in the near term? $ProShares Bitcoin Strategy ETF(BITO)$
$S&P 500(.SPX)$ Running hot. Federal Reserve has kept near zero interest rate and bond taper will begin early next year. The money supply in the market will continue pushing stock to new highs with DXY testing low. Market is bullish, risk-on assets.