Portfolio Construction: Watch Draghi or Shanghai?
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When it comes to portfolio construction right now, which is more important: What ECB President Draghi has to say? Or what the Shanghai index does?
While Draghi is attempting to solve Europe's challenges, the behavior of the Shanghai index could be more important that what he does or says.
The Shanghai index is testing a support line that has been in place for the past 18-years. The world sure can use help from support line (1) right now!
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