Sunday, May 15, 2022 9:25:48 AM
Shorting China runs the risk of betting against the central bank. That’s never a good idea.
Plus, no one shorting China today is arriving early to the party. No one knows how much lower this can go. The MSCI China is down 26% year-to-date, similar to the Nasdaq, and underperforming the MSCI Emerging Markets Index. The pre-market hours looked good for China early Thursday.
But if China wants to keep locking down, its central bank buying stocks and bonds will be the only thing keeping China interesting and keeping Direxion’s 3x China Bear from a 50% gain before the summer.
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