China Express

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As China ascends to the top global economic superpower (leaving the U.S. permanently behind, in spite of visionary leadership from the likes of Joe Biden and Nancy Pelosi), the chart of the stock markets from the middle kingdom are breathtaking. It sort of reminds me of the divergences that took place in 1999/2000 between big global markets, some of which were stratospheric while others had already topped out. This is only going to feed the frenzy of retail excitement in China, as their citizens continue to jump into equities feet-first.