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A tale of two indices

The US S&P 500 is hitting four year highs while the Shanghai Composite Index is close to its 2009 lows.

So for all the talk of global coupling, we have very very different outcomes for the stock indices of two of the biggest economies of the world.

Another interesting fact is that most US fund managers looked at the Shanghai composite as a leading indicator for their own markets.

Just goes to show that all indicators work for a while and then they stop working.The trick is to know when !!

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