We've been warning investors to avoid China since June 2017.
|
From today's Wall Street Journal: China’s main stock benchmark has entered a bear market, the latest gloomy sign for the country alongside escalating trade tensions with the U.S., a tumbling currency and recent data that suggest its growth is softening. The Shanghai Composite Index closed at 2844.51 on Tuesday, down 0.5% on the day and 20.1% below a two-year high reached on Jan. 24. A bear market is normally defined as a 20% drop from a recent high. |
Click here to get Hedgeye's "Cartoon of the Day" emailed to you daily for free.
