$Hang Seng Index(00HSI.HK)forwarded from @LEI X
The two most important things in financial markets: confidence and credit.
Rising confidence + loose credit is the best environment for a bull market. Conversely, declining confidence + tight credit is the most unfavorable environment for a bull market. Often, even if credit tightens but confidence rises, there can still be a decent bull market. The worst scenario is when confidence collapses, and loose credit becomes useless.
Economic data is the result of these two factors in operation; don't reverse cause and effect.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
