Quote:
Originally Posted by antzcrashing
Except there is word that China is going to wave the white flag on zero Covid and reopen their country. Which will be a tailwind for Apple and other China-exposed stocks
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Yes that is true. It's not clear where the Chinese consumer is right now, though. Also, in China, there is a lot of pressure from the government to "buy local" (i.e., Oppo, Xioami, Huawei, etc.); toting an iPhone might keep you from getting that Party position, which can't be good for sales. And we know already that European/US consumers have been crushed and aren't going to get any relief. At some point even Apple fan-boyz run out of money.
If you want to trade the China opening, why not do so more directly with KWEB, et. al., or even WYNN?