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TheStreet.com
The Bullish China Reopening Narrative Looks to Be in Serious Doubt
If one were to read any bullish note on any commodity this year, it all really boils down to a single bullet point: Chinese demand to return! This “hope” or rather wishful thinking is the only reason why most chased oil, copper, and a host of other base metals early this year as money rushed into Chinese markets that had lagged all of last year, once their economies reopened. As China pumped money into the system to stimulate the opening of their economy late in Q4 post ending their zero-Covid strategy, this caused a massive rush to buy anything China related.
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