Opening China Shanghai ETF Trade

Taking some ASHR, the Xtrackers Harvest CSI 300 China A ETF at $22.20 for a short-term trade going into next week’s trade negotiations.  Our sense is Trump and Xi are under enormous pressure to generate a positive outcome, or at least some good news.  Moreover, the monetary moves by the PBOC this morning relieves some of the near-term economic pressure.  Stop at $21.50.  Target $23.50.

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