After Trumps tweet of raising tariffs, China's market is temporarily crashing.
YANG is a China Direxion Bear X3 ETF. The index is having great gains.
I expect it to reverse on Friday 10th / Monday 13th. Analysts still expect the trade to happen between China and USA.
At this point consider buying YINN (China Bull X3 ETF).
Other X3 ETF's to consider:
SOXS...
We speculate that the recent yuan strength is to defend highly leveraged corporates and stem capital outflows. This is taken from "The Powell Put Pause Revisited" by The Macro Strategist:
"We also cannot help but speculate the pressure Powell received from President Trump stems to the negotiations with China. As pointed out here, China needs, may not want, a...