The pain trade is higher. Watch the Chinese reopen Pt. 2

• Follow us on twitter @gmgresearch.

• Dalio and BlackRock are both bullish China.

• QQQ (Mega-cap) and Quality Factor (QUAL) continue to lead.

• China innovation (KSTR) & Coupang (CPNG) are interesting.

• The pain trade is higher. Do not chase this, you are too late.

• Watch the rotation from equities into commodities (GSG) next.

• Trading one asset class is trading blind.