Renaissance Macro’s DeGraaf Says China Stocks Set to Surge 50%
- Jeff deGraaf says CSI 300 to hit 6,000 in the next 12 months
- ‘One of best set-ups we’ve seen in my 35-year career,’ he says
The way Jeff deGraaf sees it, hedge funds that sold a record amount of Chinese shares earlier this week toward the end of the CSI 300’s 10-day, 35% surge are in for a world of regret.
In fact, says the co-founder and chief executive officer of Renaissance Macro Research, rarely in his more than three-decade Wall Street career have the stars aligned so perfectly for a lengthy rally.