Business Insider: “There is one under-the-radar metric that suggests underperformance in Chinese stocks is likely to continue, DataTrek says”By admin_45 in IN THE NEWS
Excerpt from Business Insider quoting DataTrek co-founder Nick Colas:
.... "The ongoing weakness in Chinese stocks is likely to continue as the country grapples with an outbreak in COVID-19, DataTrek co-founder Nicholas Colas said in a note on Tuesday.
One under-the-radar indicator he used to confirm his view on Chinese stocks is city air-quality data, according to the note.
"The idea here is simple: the busier a city is, the more pollution it creates. Compare current air quality readings, which are available with only a 1-day lag with data from past years, and you get a reasonable assessment of whether output is increasing or decreasing," Colas explained"....
Read the full article here on Business Insider!