Negative: Analyst downgrades bullish outlook on CQQQ ETF for Chinese stocks due to evolving landscape.

From Seeking Alpha: 2024-07-30 05:06:41

Tomas Ragina downgrades bullish outlook on Chinese equities due to evolving macroeconomic and geopolitical landscape. CQQQ ETF only yielded 3.22% since late February, underperforming S&P500. Chinese economy struggles with uneven recovery, weak retail sales, and declining home prices. More trade restrictions expected globally, potentially halving China’s growth rate. Analyst advises caution, recommends investors stay on the sidelines for now.



Read more at Seeking Alpha: CQQQ ETF: The Best For Chinese Stocks Has Already Happened (Rating Downgrade)