China Growth Stocks

[tenenbaum]

The market was definitely expecting a reletively strong jobs number but it's difficult to judge the extent of that expectation particularly after Wednesday's weak ADP number. The thing with China tightening is that it's been fairly well telegraphed at this point. I'm not sure how much or how soon of an interest rare hike would really derail the HK and mainland markets since they are already expecting at least a modest tightening. The same goes for some sort of currency appreciation. In fact, a good case could probably be made that the Asian markets would rally on tightening news since it would remove a certain amount of uncertainty from the markets and get us closer to the end of this tightenng phase. Not that our stocks are correlated directly to the Asian markets at all.