J C Parets of All Star Charts put together a great piece today discussing Greece’s performance and compared it with news headlines over the past few months. He highlighted the beautiful upward sloping chart of the Athens stock exchange below.
Check out his post here, a super example of how headlines often don’t end up correlating/matching performance.
As JC shares….“Forget the News, look at the Price!”
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Forget the news look at the Price, in China of late too!
It has been very easy to find negative news about China over the past few months. Below is a performance comparison between the China ETF (FXI) and the S&P 500 since 9/4.
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FXI has outperformed by 14% in the last 7 weeks….the spread between the two in the past 7 weeks almost matches the gains of the 500 index for the entire year. Bottom line message…. invest in price, not the headlines!
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