In today’s briefing:
- Interpretation of the 20th National Congress of the CPC and the Impact on China Healthcare
- Weekly Stock Bullfinder – Week of 10/24
Interpretation of the 20th National Congress of the CPC and the Impact on China Healthcare
- To realize reunification of the motherland and great rejuvenation of the Chinese nation, China needs to have sufficient foundation- Some key industries would be prioritized in the great power game.
- The 20th National Congress raised the strategic capability to the highest level, which is to ensure security and emphasize bottom-line thinking. “Innovation” should serve the big goal of national strategic needs.
- Every major shift and political guidance of the industry means opportunities and challenges on a large scale. Investors are advised to change the thinking mode and expectation on China healthcare.
Weekly Stock Bullfinder – Week of 10/24
- This past week, 10 year Treasury yields continued to march higher, with the 10 year Treasury yield eclipsing above 4.2% for the first time since 2008.
- Treasury yields have now gone up almost in a straight line the 12 straight weeks.
- After tough “Fed speak” for the past few months, the market appeared to pick up upon hints of dovish Fed commentary on Friday which was coupled by the “Fed whisperer” Wall St. Journal reporter indicating a “step down” from aggressive rate hikes may be soon on the horizon.
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