Investing.com -- Hedge funds slashed their exposure to ... returned +12% during 2QTD while trade tensions have weighed on China ADRs,” Goldman strategists led by Ben Snider noted.

And the market setup is clean. Ex-China hedge fund positioning is light, and CFTC data shows specs are flat, not leaning long. That makes the skew look dirt cheap—6-month 25-delta risk reversals ...

While the basket of China ADRs outperformed in Q1, it has underperformed the equal-weight S&P 500 by five percentage points since the start of Q2. Still, performance held up. “Solid stock-picking has ...

14.2 36.2 58.9 (22.7) - ST / 1000 m / tf / 9 bt 10 / C L Chau / Swimming ...

23.40 46.5 (23.1) - ST / 800 m / tf / 9 bt 11 / C Y Ho / Slow canter site (RB) / Swimming ...