China’s CSI 300 Index surged 10% after key policy measures from the PBOC aimed at boosting economic recovery and the housing market.
U.S. equities, including the S&P 500, reached record highs last week, fueled by strong GDP growth and higher consumer confidence.
Global commodity prices, particularly gold and copper, spiked as optimism about economic recovery grew following China’s policy shifts.
Crypto analyst Dan Gambardello has drawn parallels between China’s CSI 300 stock market index’ latest breakout and surge and Bitcoin’s post-halving price action.
With last week’s U.S. Federal Reserve’s meeting and now with China’s stock index surge, this has the potential to spark the next global bull run.
I can't believe this!
CSI 300 Index (China's version of the S&P 500) is breaking out on the monthly, almost identical to previous cycles.
It's insanely lining up with the post-Bitcoin halving, setting up for that parabolic bull season.
Do you understand how bullish this is? pic.twitter.com/WwQdLspxrC
— Dan Gambardello (@cryptorecruitr) September 27, 2024
The CSI 300 Index, often compared to the S&P 500, surged to a four-year high, gaining over 10%.…
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