Chinese equities continue outperforming their US peers, with the ASX-traded Large-Cap China ETF (IZZ) making new 3-year highs on Wednesday. Hopefully, our typically correlated mining sector will follow suit after spending the last few years in the “naughty corner.” Ironically, both Europe and China bourses, significant targets of Trump tariffs, are reacting positively to his ongoing salvos.
- We are long the IZZ ETF in “Shawn’s Trading Ideas” – our stop is being raised to 54.90.
MM is bullish on the IZZ ETF
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