Fisher: Bullish Vibes Brewing Beneath Covid Woes and Global Pessimism

Take a leap! At the gap between expectations and reality, that is — always the chief driver of the stock market. At present, it may be a big daunting chasm. Fear of the impact of the tragic, grinding war in Ukraine and hot overseas inflation. Fear of the “tightening” at central banks across the world hurting China’s export demand. And prolonged Covid restrictions in Shanghai and Beijing. All this and more has torpedoed global sentiment thus far this year. But beneath the sour surface lurk powerful positives — extra strong because they are unseen. Their stealthy presence amid widespread gloom upends global recession fears and provides evidence that brighter days are ahead for China stocks.