Despite the overall great performance of the U.S. stock market, there have been many bumps along the way.
And many sectors that have struggled mightily from time to time.
Or struggled all year.
One of the overall sectors that has been hit hard is China.
Here’s the chart for BABA, the Chinese Amazon:
It’s been all over the place.
And YUMC (Yum China) has seen its ups and downs, too.
Here’s that chart:
YUMC fell like a rock for all of 2023 and most of 2024.
But it exploded upward after a favorable earnings call in August.
For the past several weeks, it’s moved sideways, saving up energy for another possible explosion.
A move above $51.44 could lead to a big new year’s run.
We’ll keep an eye on it.
Happy holidays,
Scott
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