, it's ticker CQQQ, really has shown resilience through [the trade war] headlines, holding up better on the downside, acting stronger on the upswings."
The CQQQ ETF has also begun to outperform the U.S. tech trade. Its 3%-plus gain this month is more than triple that of the"The August higher low was the start of it. I think that was an important turn. It's since been followed by a reversal of its downtrend and we can see the inflection in the 200-day moving average as well. So we're seeing signs that that trend is reversing higher," said Wald., the ETF's largest weighting, is mirroring Chinese tech's moves.
"When does an actual deal get done because obviously it seems to be weighing more on the valuation of China than the U.S., which gives the catch-up trade obviously to China. That's easily a better way to play it," Sanchez said during the same segment."Since this trade war began, you've actually seen an expansion of Chinese sales outside the U.S.
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Source: CNBC - 🏆 12. / 72 Read more »