David Tepper Buys Everything

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Tepper는 중국 정부의 금리인하·유동성 지원·자사주 매입 장려 등 대규모 부양책으로 중국 주식의 밸류에이션 매력이 크다고 주장하며 중국 주식을 추가 매수 중이라고 밝힘. 중국 주식은 2007년 수준의 저평가 구간이고 미국 주식 대비 PER 차이가 크다고 봄. 미국 시장에서는 중국 노출 카지노주(Wynn Resorts, Las Vegas Sands)와 AI 전력 수요 수혜 기업을 매수 후보로 제시. 연준의 50bp 인하도 중국 완화 여력을 키운다고 해석.

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01. when we hear the said okay they go 50 they may go more we think oh mortgage rates in this country oh we think business uh loans in this country start or you know we think interest on the N you immediately thought China and and currency uh differences around the world so that was more important to you because the undervaluation is you you know listen you can look at your chart and look at a chart of babba on your on your screen right there whatever stock you like in China they are even with the recent moves are like on a flatline low compared to where they have been in the past and you're sitting there with single multiple um pees with double digit growth rates for the big stocks that trade over here that's kind of versus what you know the you your 20 plus on the S&P right okay and then you have so the question was was China going to do the things that you want them to do okay are they going to do the easing measures they that you want them to do so yeah they came the other day and uh what's his name pan pan gong Chang and I apologize because I can't even speak English well you know he came out and he was like jovial it's like whoa jovial saying we're going to cut and we're going to and we'll give you more and he said we'll do more and more if needed now the Chinese to say we'll do more and more if needed they don't say that because it's not been healthy to say those sort of things in China but they said that the other night and I listen very carefully what government officials say so I took it that they did a lot they exceeded expectations and they promised to do more and more and more okay and that's very strange language especially for you know any Central Banker but especially over there so that was the first thing that happened and last night um you know they we heard that they were going to have some kind of meaning but they kind of blew away expectations on the physical stimulus you know that they were going to do now physical stimulus if you look at your charts if you like charts CU you used to be a broker and that was a good way to do things fast um what can happen around the World when they do that that's what you have to ask yourself now so now you have the Fed so just a backdrop again the fed's easy you know you have a few more easings coming the Japanese they don't know what they want to do right now but it doesn't matter what people think they're going to be forced into things and I can talk about that in a second um the Europeans are lowering rates and now the Chinese are lowering rates okay and they're going to be they're aggressive in how they're going to do it and there also believe this or not swap facilities to buy stocks what encourage in buyback of stocks encouraging BuyBacks of stocks okay this is China all right this is box stock BuyBacks not only encouraging it lending you money to do it and they're giving money like tal money where you can put money out and you have no losses if you want to do it you have you know how that thing works you have one the money you put up and you you can don't lose money hedge fund billionaire David teer says he's buying Chinese stocks after country stimulus bazooka David teer is growing going even more bullish on Chinese stocks amid the country's new fiscal stimulus the new measures include interest rate Cuts liquidity support and encouraging share BuyBacks by companies teer views the Chinese stock market as more attractive than the US Stock Market due to valuation differences it's a buying opportunity for Chinese stocks after the country launched a fiscal stimulus bazooka this week according to billionaire investor David tuer in an interview with CNBC on Thursday tuer out his bull case for the Chinese stock market which has been virtually left for dead in recent months as it trades at levels similar to 2007 I thought what the FED did last week would lead to easing by China and I didn't know they were going to bring out the big guns like they did teer said referring to the Federal reserve's 50 basis points interest rate cut last week that large cut gives the Chinese Central Bank some breathing room as it implements its own fiscal and monetary stimulus policies teer said in recent days China has cut key interest rates announced liquidity support for its stock market reduced reserve requirements for banks and even encouraged share BuyBacks by companies encouraging stock BuyBacks okay this is China these are stock BuyBacks not only encouraging it but lending you money to do it teer said he added I assume they did a lot they exceeded expectations and he promised to do more and more and more and that's very foreign language especially for any Central Bank ER but especially there referring to the recent relaxation comments from Governor pangong Shang of the People's Bank of China Chinese stocks have responded to the stimulus measures with big gains on Thursday shares of major Chinese technology stocks such as Alibaba PDD Holdings and 10-cent Holdings Rose more than 7% even the broader ey shares msci China ETF Rose 8% on Thursday and is up more than 16% this week alone this is obviously incredibly good for highly undervalued Chinese stocks especially when the government encourages BuyBacks teer said in US markets teer said he is not following his buy itall Mantra with Chinese stocks and is more selective in buying US Stocks teer who runs the $6 billion hedge fund Appaloosa management highlighted us casinos with exposure to China such as when Resorts and Las Vegas Sands as well as companies exposed to the power demand of the AI techn techology business as potential buys