The Large-Cap China ETF $FXI just hit 18-month highs relative to the S&P 500 $SPY, signaling a potential shift in market leadership.
A trend reversal seems to be in play in favor of Chinese equities. No one’s talking about it. Everyone’s ignoring these stocks. The rules have changed. What worked in previous years isn’t necessarily going to cut it today. In a market like this, uncorrelated trades aren’t just a hedge—they’re a must for diversification and risk management as leadership shifts across regions and sectors.
