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.
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.
Emerging Money Daily Audio Call September 21 – The day after the Fed, markets are telling us that there is some sense of relief the Fed wasn’t more hawkish ( which was the early response) even though we have a higher probability of a December hike.
On a day when Mario Draghi has reinforced why investors must be careful when everyone moves to one side of the boat, its worth bring up a chart of EM equities long term, using long term moving indicators.
Emerging Money Daily Audio Call September 7 – Mario Draghi was the story of the day and the Dollar chart is ugly, but it should not surprise if the DXY is really about USD/EUR.
Emerging Money Daily Audio Call July 7 – June payrolls in the US rose more than expected and despite the absence of wage pressure the Fed is still very much on the front foot.