The Shanghai Composite gained 55% since the start of September but came crashing down 7.7% yesterday. Is it a hiccup or a bubble bursting?

Shanghai Comp

Shanghai Composite

The Q4 GDP report will go a long ways towards providing an answer.

The consensus is 7.2% annualized but there’s plenty of chatter about a 7.0% reading and anything below that could be a game-changer.