Michael Burry Boosts Bets on China Big Tech as Stocks Rebound -- but can a rebound off the bottom stick with the new round of tariffs & trade embargoes planned?
The Chinese tech stocks he bought are domestic tech stocks with effectively no money coming from america (or the rest of the world really). Baidu $Baidu(BIDU)$ and jd.com $JD.com(JD)$ theoretically would benefit from retaliatory tariffs since it would further box out competitors. However google $Alphabet(GOOG)$ is basically banned already, and JD is competing with alibaba $Alibaba(BABA)$ - Amazon $Amazon.com(AMZN)$ is barely present in china. I guess if any of the actions taken would make it harder to invest or divest from those companies that’s something material.
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