Hmm.. interesting news out of China. Wonder why the stock market blew upwards yesterday? Word on the street was that China is artificially inflating their stock market so that money doesn't continue to flee out of China, esp. after what happened with HK a week ago (regarding the HK "security" law. LINK: https://www.bbc.com/news/world-asia-china-52765838 )
Why would China think that inflating their own stock market prevent folks from taking their $$ out of the country? Simple: If the Chinese thought they can make $$ by parking it in China, they (supposedly) will. At least that is the theory...
Pay attention to news like this in the coming months. If China fails to keep the $$ in China, they will run out of US$ and their economy tanks "bigly". (Yes China has their own currency, but let's be blunt: the world would rather hold a dollar than a yuan; it is safer (in relative terms), esp. when the Chinese gov't is so heavy handed when it comes to restricting human rights.
In the short term, the Chinese jacking up their own stock market (like the US) could be bullish.. stay tuned.