Emerging Money Daily Audio Call November 10 - Equities are seeing major reallocation trends across sectors on the election and much of it sends a positive message for the market but there are some under currents that are the stuff of black swans that bear watching:
- EM currencies are getting torched again
- EM credit is -4.5% from the election
- US High Yield is also weaker substantially
- Rates may be moving too fast in the US Treasury market or in Europe
Gold is an insurance policy that should be feeling pretty good right now so why doesn’t it feel good to have held gold for the last 30 hours?
Banks are a major beneficiary of a steeper yield curve and a new, lighter regulatory environment. We lay out our relative value bank trade ideas.
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