The obvious way is jeans but there are others as well.
The market won't tell you which way it will go, but it's important to look at positioning and assess the asymmetric risks.
TikTok's parent reportedly is looking to list the Chinese version of its app in Hong Kong, with U.S. investors also missing out on Ant Group's initial public offering.
Keep an eye on Azure, Windows, Office and gaming growth rates, as well as commercial bookings growth.
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