Contrarian China Play

Published on
September 21st, 2018
Duration
13 minutes


Contrarian China Play

Trade Ideas ·
Featuring Max Wolff

Published on: September 21st, 2018 • Duration: 13 minutes

Max Wolff, chief economist at the Phoenix Group, has a unique view on Chinese equities. In this interview with Brian Price, Max reveals his short-term bullish thesis and discusses how to make the trade. Filmed on September 20, 2018

Comments

  • JN
    Jack N.
    26 September 2018 @ 13:35
    Hyper verbal, fast talking people who seem to know everything scare the crap out of me. Like this guy, Max Wolff.
  • GV
    George V.
    25 September 2018 @ 16:38
    A couple weeks ago, I left a comment on Max's previous interview. I asked that he not be asked back to Real Vision TV because of his overly political statements. I would like to retract my request after watching this interview. There weren't any overt political statements and he posed some very interesting questions and statements. This was a great interview. When we have our investment caps on, there is no room for emotion or politics. It is about analysis. I won't agree with Max all the time, as no ones agrees 100% of the time with anyone, but I am definitely "smarter" having watched this. Max, thanks for leaving the politics at the door and taking the time to share your interesting and insightful views.
  • JD
    Joe D.
    25 September 2018 @ 16:23
    Tencent is not like the others. it is going against what the new regime wants in terms of providing places to gather, which the party does not want. I see tough times for them to reinvent themselves.
  • AC
    Andrew C.
    25 September 2018 @ 11:23
    Not much of a trade here, 5% profit for 10% downside? But perhaps combined with Louis Llanes previous idea, perhaps China Telecom will benefit more with Max's General Market Bounce?
  • KF
    Karen F.
    24 September 2018 @ 09:03
    It seems to me Max is not to confident about his thesis. It looks more like a short term gamble to me.
  • NA
    N A.
    24 September 2018 @ 02:39
    Great interview, thank you. Unfortunately the index is just garbage. Can you get some Asia based managers on the show for more China insight? Some have been knocking it out of the park for years now despite an index that has been awful. Judging from the comments below it would do the viewers a world of good because nobody understands China and much worse is the fact that they don't know they don't understand. The investment opportunity in China is immense, it is the largest capital market opening in human history, you can ignore it of course but it is massively under-owned and misunderstood, those are ingredients to make serious money.
  • my
    markettaker y.
    22 September 2018 @ 01:37
    lol. dogs. BIDU is not a global competitor - it's a dirty company who gets most of its business from ripping off customers and infuriating people. A joke. BABA is a money laundering scheme for the Party elite. This guy is clueless!! hilarious.
    • my
      markettaker y.
      22 September 2018 @ 01:41
      Oh man, China is the leader in world free trade?! Oh man. This is hilarious. Bwahaha. Congrats on you're 'contrarianism', Max! Ahahaha. Very entertaining.
  • HO
    H2 O.
    21 September 2018 @ 13:11
    I agree with the thesis, but for some different reasons, mostly policy supports and the positive shock coming from large jumps to the comps for investment, infra, etc as Beijing makes up for lost time this year and tries to spend a ton of fiscal resources by end Q4. The national team is also buying again. But have to push back on the proposition that China is defending free trade. China is defending a trade regime that it benefits from, not something idealistic or principled. Beijing spends more every year on export rebates than the military, which is as indicative about the "free" aspect of its trading patterns. Was recently announced that they will increase these subsidies in response to round 2 of Trump tariffs. That said, despite persistent domestic mercantilism on steroids, there is room here for a tactical bounce for China equities, especially tech and large cap cyclical SOEs.
    • ZY
      Zheng Y.
      21 September 2018 @ 13:49
      frankly, some investment org ask somebody present something, so they can catch both bounce and following wave5. for fundamental reasoning, it is a joke, given Beijing's cap to ease this time. as u know there is only crony capital in china, which connected with some westen bank in some way. Just a joke. :)
    • ZY
      Zheng Y.
      21 September 2018 @ 13:49
      frankly, some investment org ask somebody present something, so they can catch both bounce and following wave5. for fundamental reasoning, it is a joke, given Beijing's cap to ease this time. as u know there is only crony capital in china, which connected with some westen bank in some way. Just a joke. :)
  • ZY
    Zheng Y.
    21 September 2018 @ 09:55
    for FXI, with volume pop up around Sep 12, RSI diverge that moment with a reversal like implicit Vol, till now ask people to involve a reaction is not good. Yeh, it may be good for another 5% with chinese national team pop up the price during their festival period. but it is last mile. better show data than just talk,