On September 24th, 2024, China’s central bank unveiled its most AGGRESSIVE stimulus since the pandemic.
“This is the most significant PBOC stimulus package since the early days of the pandemic,” said Capital Economics analyst Julian Evans-Pritchard.
HedgeFund Legend David Tepper, who has been overweight China ADRs, compares the China stimulus to our very own stimulus of 2010.
Back then, David Tepper said he was “balls to the wall” long because of the stimulus. His fund ended up 132% that year.
His sentiment in China right now is to buy EVERYTHING.
Take a listen.
The Chinese names have had an incredible run over the last week, and 9.9 out of 10 times, it is best not to chase, but you can prepare yourself.
The U.S. market has roughly 232 Chinese ADRs, not including ETFs. There have been many Chinese stock scams, so you have to be careful. The smaller the market cap, the bigger the risk when it comes to Chinese stocks.
Here is the stock LIST.
Here, you have the ETF LIST.
