BABA's 60-day correlation to KWEB swings from 0.45 to 0.85 — single-name catalysts decouple from the basket more often than traders assume. The edge isn't a one-line ADR rule; it's identifying which signal is in control at the moment of execution.

Trading US equities from overseas isn't primarily a time-zone problem — it's an infrastructure problem. The trader in Singapore using a retail mobile app is competing with institutional desks routing through DMA at the same moment, on the same tape, with better borrow access.