Tomorrow is the military parade, and many Chinese assets that rose sharply earlier have started to pull back, mainly because they've been PUA'd too much before. No matter what the event is, prices drop during events, so selling early has become muscle memory 😅

But everyone also knows this wave isn't over yet, so they don't dare to fully liquidate. Most have moved into various dividend stocks and previously underperforming consumer discretionary sectors for safety.

In any investment market, rotating from high to low is a solid strategy, but keeping up with the rotation rhythm is tough. That's why mindlessly dollar-cost averaging into index funds is the best choice for most ordinary people.