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Nobody's Throwing Rose Petals at My FeetBy
Monday, October 30, 2017
"It was hard to get meetings," a China-fund manager told me last week.
He was traveling in the U.S. to spread the China stock story to anyone who would listen.
Turns out, nobody would...
"I wish it wasn't the case, candidly, Steve. I managed to fill the schedule. But not necessarily with several top-tier firms," he said.
The China-fund manager was positive, though...
"The lack of interest in China makes me more bullish," he told me. "Investors still don't appreciate what is taking place in China today.
"When folks are throwing rose petals at my feet, and I'm too busy to return your phone call, that's my ultimate sell indicator."
We're not there yet...
It's crazy to me that investors aren't interested...
Subscribers to my True Wealth China Opportunities newsletter are up 46% year-to-date on our simple four-fund China portfolio. And they're up more than 38% on our China stock portfolio.
But nobody around the world cares...
Shockingly, $4.5 billion has flowed OUT of China exchange-traded funds (ETFs) globally so far this year.
Most importantly for you, we're still early in this China trade...
You might not know it, but China has two stock markets – one in Shanghai, and the other across the border from Hong Kong in Shenzhen.
The benchmark index in Shanghai – the SSE Composite Index – is up around 9% in the last 12 months. The Shenzhen Composite Index has performed even worse – it's actually down 2% over the last 12 months.
Meanwhile, as I explained to my subscribers in my China Opportunities letter last week, $1.7 trillion could flow into Chinese stocks by the end of 2019.
Sure, my subscribers are up – a lot – in China. But we'll see a lot more to come...
Nobody cares about Chinese stocks today. Billions of dollars have flowed out of China ETFs this year. And China-fund managers can hardly find someone willing to give them the time of day.
This is not what a top looks like. When this fund manager won't take my call (because he's too busy basking in rose petals), then I'll know we're at the top.
We're a long way from that today. This is more what a bottom looks like than a top.
It's time for you to get some money into Chinese stocks, if you haven't already.
I promise, you haven't missed it yet. It's time to take action... Buy China, now...
Good investing,
Steve
Further Reading:
"Nobody else is interested," Steve writes. One group of stocks saw record outflows recently. And that gives us an opportunity. Read more here: Investors Just Bailed on These Stocks – We're In!
Another hated investment recently started an uptrend. And readers of Steve's True Wealth newsletter are already profiting. Learn more here: The Ultimate Buy Setup Right Now in This Asset.
Market NotesNEW HIGHS OF NOTE LAST WEEK
Visa (V)... credit cards
Bank of America (BAC)... financial-services giant
JPMorgan Chase (JPM)... financial-services giant
Morgan Stanley (MS)... financial-services giant
Interactive Brokers (IBKR)... Internet brokerage
TD Ameritrade (AMTD)... Internet brokerage
Salesforce (CRM)... software for businesses
GoDaddy (GDDY)... Internet domain names
Microsoft (MSFT)... "digital utility"
Cisco (CSCO)... Internet "plumbing"
Texas Instruments (TXN)... semiconductors
Intel (INTC)... semiconductors
Corning (GLW)... smartphone screens
Grubhub (GRUB)... on-demand food delivery
Wal-Mart (WMT)... discount retailer
Dollar General (DG)... discount retailer
Dollar Tree (DLTR)... discount retailer
Pfizer (PFE)... prescription drugs
Johnson & Johnson (JNJ)... health care giant
Baxter (BAX)... medical devices
UnitedHealth (UNH)... health insurance
Cigna (CI)... health insurance
KB Home (KBH)... homebuilder
Home Depot (HD)... home improvement
Sherwin-Williams (SHW)... paint
Stanley Black & Decker (SWK)... tools and storage
Honeywell (HON)... manufacturing
Northrop Grumman (NOC)... "offense" contractor
Boeing (BA)... airplanes
NEW LOWS OF NOTE LAST WEEK
AT&T (T)... telecom giant
General Electric (GE)... appliance giant
Kellogg (K)... food giant
Chipotle Mexican Grill (CMG)... burritos
Papa John's (PZZA)... pizza
Walgreens Boots Alliance (WBA)... pharmacies
GGP (GGP)... shopping malls
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