BUY Conviction3/5 Analysis quality60/100 now
The YouTuber suggests Chinese stocks, represented by the FXI ETF, could diverge from US and European markets and head higher. This is due to news that regulatory clampdowns on tech might be easing and China's central bank is injecting monetary and fiscal stimulus.
“I think that really could further support stocks versus other markets so we will see kind of a divergence in chinese stocks heading higher whereas the u.s and european stocks could continue to head lower”