Bull run in A shares to continue in Year of Ox By SHI JING in Shanghai | China Daily | Updated: 2021-02-18 09:10 Share CLOSE Investors check share prices at a securities brokerage in Fuyang, Anhui province. LU QIJIAN/FOR CHINA DAILY
Adequate liquidity, a positive outlook on the performance of public companies and continued economic recovery will help the A-share market to maintain a bullish trend in the Year of the Ox, experts said.
The probability of the benchmark Shanghai Composite Index going up during the first trading week after the Spring Festival came in at 76 percent while the rate for the index to report gains during the month after the Lunar New Year began came in at 66 percent, Guosen Securities said in a report that used data over the past 21 years.
The Dow Jones Industrial Average swung in volatile trading on Wednesday as investors weighed improving economic data with rising inflation expectations.
(Reuters) - “In short, I like the stock.”
Reddit logos are seen displayed in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration
That is the key takeaway for Reddit’s Wallstreetbets army of retail traders to upcoming testimony to Congress from Gamestop super-bull Keith Patrick Gill.
The 34-year-old from Massachusetts who became the Pied Piper in a massive GameStop rally fueled by a Reddit discussion group will tell a Congressional hearing on Thursday that his enthusiasm for the struggling videogame retailer is backed up by his own research.
Social media platforms including Youtube, where Gill is known as Roaring Kitty , and Reddit s Wallstreetbets discussion group level the playing field for small investors competing against hedge funds and other institutional investors, Gill said in a copy of his remarks here published by the House Financial Services Committee a day before the scheduled hearing.