A Growing Bullish Crowd May Supercharge China’s Stock Market
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Timing a strategic (rather than tactical) re-entry into Chinese stocks continues to split ultra-bullish strategists and wounded investors wary of another regulatory grenade from Xi Jinping’s government.
While the buy China idea might be crowded, the trade itself definitely isn’t, as I wrote this week. Positioning among non-Asia funds remains light, with long-only investors still significantly underweight China. People aren’t really putting their money where their mouth is. Not yet, anyway.