Below is a chart and brief excerpt from today's Early Look written by Director of Research Daryl Jones.
China’s economic data is downright recessionary, while in the West we are seeing slowing but not contraction. The West is tightening, while China is easing monetary policy. Meanwhile, it’s also been many years since anyone has made money in large cap China stocks . . .
But as Reid Hoffman famously said: “It’s actually pretty easy to be contrarian. It’s hard to be contrarian and right.”