Short FXI

3 de abr. de 2020

I shorted the FXI early February, I am still in this position. Expect it to continue to drop another 20% to 25%. China has been reporting 0 new cases of the CCPvirus for the past week, while I believe the cases have dropped I do not believe it is 0. They have been opening up many locations such as Guizhou and Xinjiang (East Turkistan), theaters in Beijin, etc. There currently have been many inside reports of new cases within China such as 209 high school students from Jinping having a fever/diarhea. Given Murphys if a single person still has it a second wave will come in, it is likely thousands still have it. While report numbers of 0 is unknown to be true the markets will know for sure after economic conditions, pollution emissions and other factors show up.