(Bloomberg) Ray Dalio calls it a “long ideological war.” Mark Mobius sees little hope for a quick resolution. And Stephen Jen says we’re witnessing the start of a 15-round fight. As the U.S. and China clash over everything from trade to technology, some of the biggest names in investing are bracing for a protracted superpower conflict and adjusting their portfolios accordingly. Mobius, for instance, is avoiding shares of Chinese exporters and buying companies that sell to domestic consumers.
Traders Brace for New Cold War That Will ‘Last Our Careers’
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