I think people investing in Chinese equities are breaching their fiduciary duty, says Kyle Bass
Kyle Bass of Hayman Capital Management joins 'Closing Bell' to discuss the markets and what he expects in the new year, as well as why he avoids investing in Chinese stocks.
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I think people investing in Chinese equities are breaching their fiduciary duty, says Kyle Bass
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![U.S. stocks closed Thursday's session lower following a volatile session, one day after the Dow Jones Industrial Average and the S&P 500 had their worst day since 2020. Investor remain cautious amid fears of inflation and a potential recession. However, so far, the S&P 500 has been able to avoid bear market territory. Sylvia Jablonski, Co-Founder and Chief Investment Officer at Defiance ETFs, joins Cheddar News' Closing Bell to discuss. 'There's certainly a risk that the broader index goes there [bear market territory]. It's certainly something that can happen in the short term. I don't expect that to be how we end the year; but, I think in the next couple of weeks we might see S&P hit bear market territory,' she says.](http://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAXDTDd.img?h=70&w=94&m=6&q=60&u=t&o=t&l=f&f=jpg "U.S. Stocks Closed Lower Friday After Volatile Week - Provided by Dailymotion")
