iShares China Large-Cap ETF daily price chart. It’s almost the upside-down version of the Nasdaq 100. China stocks just kept dropping from the late July 2023 high to the January 2024 low near $21.

Median returns three months post IPO 2024 performance (the green line in Chart 5) were much better than the last two years (purple and pink lines). Importantly, 2024 IPOs as a group have so far held ...

It’s been underneath both, on a closing basis, since November 2023. That late April gap down was accompanied by the heaviest volume on the chart. Warner Bros. Discovery Inc. (NASDAQ: WBD ...