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ChristopherCarrollSmith

Time for a China bear play after PMI print

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Direxion Daily FTSE China Bear 3x Shares (AMEX:YANG)  
ChristopherCarrollSmith  
AMEX:YANG   Direxion Daily FTSE China Bear 3x Shares
Fundamental Analysis china Coronavirus (COVID-19) PMI
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fundamental china coronavirus pmi
The YANG China Bear fund should gain this week after an extremely bad print on China's manufacturing PMI, which came in 22% worse than expected over the weekend. China has been claiming economic recovery-- they say 90% of their state-run firms are back in business-- but the numbers belie those claims. Also go check out a BBC article titled "Coronavirus: Nasa images show China pollution clear amid slowdown" to see breathtaking photographic evidence of how the Chinese economy has ground to a halt. Markets are only just beginning to appreciate the scale of the economic impact of this thing. It's going to be bad.
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