C.O.B.R.A. September Portfolio Update
A U.S. binge of Chinese-made goods in late 2020 and early 2021 caused an export boom. But there will be a hangover in U.S. consumption, and it will make China’s economy more dependent on internal dynamics. With China under pressure to devalue its currency, this dynamic is one of many reasons our system recently signaled a bearish trade on the China iShares (FXI). For now, Dan gives guidance on the open positions in your portfolio.