Sometimes there is an event that goes virtually unnoticed by the investing community but that later, in hindsight, becomes the “canary in the coal mine”.
The canary, for investors, is the event that serves as an early warning of a change in direction for an economy, an asset class or a particular stock sector.
Jinpan International’s (NASDAQ:JST) announcement on July 16 that it would cut full year guidance was a canary in the coal mine event for Chinese stocks.
It’s no secret that Chinese stocks are … [visit site to read more]