Emerging Money Daily Audio Call October 25 - On the call today we highlight the limitations of the USD move in the current economy which limits what the Fed can do(which limits what the Dollar can do…).
Meanwhile EMFX continues to show it has re-calibrated already versus the USD.
Industrial earnings were solid today but shares sold off. We have our shopping list out and will explain what we would be dipping our toes into.
Oil is sideways but hearing rumblings of OPEC discord via Iraq. Remember the risk to the upside from OPEC agreeing to a deal in November is NOT in the oil price already. So we would argue OPEC has done enough to show they are at least ready to act and are feeling the pain which is a pre-requisite to act.
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