There is probably a certain segment of the investing population that would look askance at me if I mentioned we’re seeing “strength in China.” They wouldn’t believe that is possible. According to the news media they consume, China is “a mess.” Perhaps that is true? But we only follow price here at our shop, and price is beginning to tell a different story.
Today’s trade idea comes from TWO seemingly unlikely places: China and Internet! (what??????)
And when you see this chart of the Chinese Internet ETF $KWEB, you’ll see why: