Strength in South America

Chinese Credit Cut

Good evening everyone!

The Nasdaq was the only major index to close higher, the S&P finished flat and the Russell 2000 retraced yesterday’s gains.

Tech and consumer discretionary led. Industrials, materials and energy lagged.

New 52-Week Highs overshadowed New Lows — 110 vs. 14.

The Best of the Best

Adecoagro ($AGRO) is the best of the best. The South American agricultural company grew +11.97% and closed at its highest price since Q1 2016.

Here’s the daily chart.

And monster monthly chart.

The Worst of the Worst

Lufax ($LU) is the worst of the worst. The Chinese personal finance platform fell -8.51% and closed at an all-time low. The weakness in China may be attributed to Moody’s credit outlook cut citing rising debt risk.

Here’s the disastrous daily chart.

And weak weekly chart.

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