Institutional Investing / Macro Minutes

Macro Minutes: Current Developments in Chinese Markets

Some investors worry that a US legislative process known as reconciliation might threaten the potential market-calming effects of political gridlock by allowing new tax and spending bills to pass Congress with only a simple majority of votes. In his latest video, Fisher Investments’ founder and Co-Chief Investment Officer Ken Fisher explains why the Congressional reconciliation process isn’t likely to completely bypass political gridlock.

In April’s Macro Minutes video, Portfolio Engineer Austin Fraser discusses China’s economic recovery, fears of potential policy tightening, recent regulatory concerns and our positive outlook for global and Chinese equities.

Key Points

  • China has been “first in, first out” of the COVID-crisis. Growth quickly recovered and should return to its pre-COVID trend providing a good roadmap for the rest of the world.
  • Policy is normalizing, not tightening significantly, which suggests a still positive backdrop for equities. Recent regulatory concerns are also likely overblown.
  • We believe growth categories will resume leadership for global and Chinese equities.

 

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