Merry Christmas From Emerging Money Team
ROCK ON SANTA!!
American Depository Receipts (ADR)
American Depository Receipts (ADRs) are securities listed on an American exchange in United States dollars that represent shares in a foreign company.
Arbitrage is the buying and selling of similar securities to make a profit from slight price variations.
Markets breathe a sigh of relief but for how long, and shouldn’t an extreme correction be met with and extreme bounce of some kind?
Markets finally give way to the pressure of a coiled VIX and realities of extreme positioning, meeting reality of fundamentals.
On today’s call we highlight the continued move up in global interest rates, with China being today’s catalyst on their comments about US Treasury purchases.
Commodities and High Yield are reacting to the move higher rates and ultimately may portend larger moves that should be weighed by asset allocators. Its our view that equities are […]
Emerging Money Daily Audio Call December 19 – Waiting for formality on the US tax vote as markets globally eek out additional gains this AM.
Emerging Money Daily Audio Call November 7 – Global markets set fresh highs overnight and we continue to point towards Japan for leadership based on elevated EPS growth and capex reinvestment that should prove reflationary.
The DAX, too has rallied to new highs even when you weave in Dollar related returns.
Mario Draghi meanwhile sending […]
Emerging Money Daily Audio Call October 23 – As we approach the biggest week yet for earnings season (especially in tech) we are very focused on the ECB event Thursday as the Dollar is showing signs of a fresh leg higher.
Emerging Money Daily Audio Call October 6 – Global equities can now experiencing the duality of hope and fear now that rates are indeed moving higher again.
With Emerging Market equities on a tear and outperforming the worlds developed market equity markets by a significant margin YTD (+1470bps to the SPX), they are suddenly target of the bears who argue this is just a bounce from oversold conditions.