This week’s Market Update is posted at Alpha Baskets and includes the following;
If you read this week’s Barron’s will find at least three mentions of a Chinese solar stock that cut in half in a matter of hours last week after months of spectacular gains. In subsequent days, Chinese financial companies associated with the solar stock had similar declines last week but one of them had a 52% lift on Tuesday. We report this not for the general interest such price moves may have but because the solar stock in question had a 12% weighting in one of the solar ETFs and so that ETF felt the impact of the decline quite noticeably.
Please click through to read the entire update.
Chase Field panorama from an event last Friday saluting Wildland Firefighters.