The Hang Seng Index closed at an 11-year low, with losses in financials and tech, although piecemeal property measures out of Beijing temporarily boosted developers.
It's time to play defensive as nearly all the economic signs point to a slowing economy, which won't be good for stocks.
If nothing else, this is a potentially interesting story.
The volume level has been building as more companies have acknowledged the negative impact of inflation and other economic stumbling blocks.
Here's why I'd sell homebuilders into a rally.
As for Thursday's trading, the longer it lasted, the worse it became.
Chinese stocks broke a streak of downward pressure, but property developers face a troubled economy where 'only the fittest can survive.'
Is a Fed pivot near? Not necessarily. However, at least one of the Fed's key thinkers is at least doing just that... thinking.
These recently downgraded names are displaying both quantitative and technical deterioration.
The quarterly results from Best Buy and American Woodmark surprise to the upside on the bottom line, though revenue at the former fell from a year earlier.