After weeks of waiting, the world finally got treated to the latest monster stimulus package from the Chinese dictatorship in order to “save” their flagging economy and collapsing real estate empire of see-through buildings.
Well, here’s the reaction. Although, let’s be fair: $1.4 trillion is a lot of money, but it’s still only about 40% of just one corporation: Nvidia. (Or Apple, or any other mega-cap you want to choose).
Of course, individual Chinese stocks are getting zapped as well, such as JD.com:
In the midst of all this, I actually have a modest bullish recommendation, which is Tiger Financial (TIGR). Pre-market, it’s trading at about $6.78, and it has a price gap at $6.64. It might be worth considering a purchase at these depressed prices, since I really like the look of this bullish base.
