Get started
ChristopherCarrollSmith

Time for a China bear play after PMI print

Long
Direxion Daily FTSE China Bear 3x Shares (AMEX:YANG)  
ChristopherCarrollSmith  
AMEX:YANG   Direxion Daily FTSE China Bear 3x Shares
Fundamental Analysis china Coronavirus (COVID-19) PMI
15
1
fundamental china coronavirus pmi
The YANG China Bear fund should gain this week after an extremely bad print on China's manufacturing PMI, which came in 22% worse than expected over the weekend. China has been claiming economic recovery-- they say 90% of their state-run firms are back in business-- but the numbers belie those claims. Also go check out a BBC article titled "Coronavirus: Nasa images show China pollution clear amid slowdown" to see breathtaking photographic evidence of how the Chinese economy has ground to a halt. Markets are only just beginning to appreciate the scale of the economic impact of this thing. It's going to be bad.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.