Jul. 16 at 5:50 PM
$YINN $BABA $BIDU $JD $TME
As much as I love hedging against western chips right now, my favorite play is China coming off of all time lows. Last year, they were priced at 50 year lows compared with emerging markets, while emerging markets were at 50 year lows compared to US equities. Major correction coming to balance this ridiculous valuation difference out between the juggernaut in the west and the juggernaut in the east.
Plus, Jensen praises China for being “open and stable” while also sharing Trump told him to have a “nice time” while visiting Beijing.
https://www.wsj.com/world/asia/nvidia-ceo-lavishes-praise-on-china-in-beijing-drawing-rock-star-reception-3587377f?st=SqAVNA&reflink=article_copyURL_share