To be clear, our non-consensus Macro research team has been warning about #ChinaSlowing since late 2017. Yes, we called this bearish move in China.
We encourage you to ignore the MSM “Macro Tourist” bandwagon nonsense suggesting that the over 20% crash in the Shanghai stock market is due to “Trade War” with the U.S.
It’s all poppycock.
Last month on The Macro Show, Hedgeye “Risk-Manager-In-Chief” Keith McCullough explained (and reiterated) the real, data-driven reason behind China’s slowdown which began last year.
|
“It has to do with them having to compare against the most epic stimulus in the history of China. This has nothing to do with Donald Trump. The real reason why we made this call on China was a cyclical call.” |
Watch the clip below for additional insight.
