Hooper acknowledges investing abroad in places such as China takes courage.
"There's this conventional wisdom that China is uninvestable. It is not uninvestable," said Hooper, who's particularly bullish on the country's tech industry.. Beijing regulators are seeking more control over industries including tech, gaming, e-commerce and education."Regulations have been targeted on specific areas that sync with long-term policy objectives by the Chinese government," she said.
In more of a mainstream take, Hooper is bullish on U.S. stocks, too. So far, she's also not overly worried about the"This does seem to be very contagious, but very mild. And so, it suggests that we are unlikely to see lockdowns," she said. "The metric to follow right now in the absence of lockdown... is mobility. And, mobility has hardly been affected in terms of individuals getting out, participating in shopping [and] restaurants.""The U.S.
. According to Hooper, there's a widely held assumption on Wall Street that tech is a safer asset class. "We could certainly see cyclicals outperform in the shorter term given what I expect to be a strong December," Hooper said. "But I do believe for the vast majority of 2022, we're going to see secular growth [and] defensives,
TradingNation Fake news and stocks plummeting 90% out of the blue. China has the Aliexpress of stock exchanges. Wut regulation?
TradingNation Investors to take Covid variants as almost factored factors.. and move on.. there wii be short oscillations to the chart and not more due to these. Geopolitics likely to play a bigger drag to the market
TradingNation Did the Give their blessings yet?
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TradingNation Invest in China. Gtfo
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Source: CNBC - 🏆 12. / 72 Read more »