Putting China's Decline in Perspective

$FXI

Intra-month price action in the FXI 0.00%↑ is back at levels from October 2022, or more notably the GFC.

I’ve been burnt a couple times touching the BABA 0.00%↑ stove in the past few weeks. There may come a time when China becomes attractive on the long side again, but it’s not now. Nonetheless, this is a macro trend that always warrants the periodic check in.