Can feng shui, the Chinese system of harmonizing with one’s surroundings, forecast whether the Year of the Rooster will be a year of the bull for investors?
The firm’s “Feng Shui Index” for 2017 posits that Hong Kong’s major equity index will be flat until April, at which point “the cocky bird spreads his wings to rule the roost.” In other words, a feng shui analysis indicates the Hang Seng will jump as much as 14% by July, after which it will retreat, ultimately ending the lunar year (in January 2018) about 7% higher than current levels. That would put the Hang Seng at roughly 25,000.
CLSA’s index is billed as an “alternative look. to help the luck flow in your direction” by using a “fortune scale,” and it is playful rather than a serious evaluation of market conditions. The firm’s pun-heavy report urges investors, “don’t get your feathers ruffled” by its take on the Year of the Rooster, which begins Jan.
