Emerging Money Daily Audio April 17 – Today global markets are unnerved by continued pressure on Greece and growing talk of a Greek exit entering the market calculus.
Despite weaker oil overall and recovery in Europe (sort of) Turkey has been one of the worst performing EM markets this year and has totally missed the recent EM rally, especially on the currency side. …And THAT is what makes Turkey an interesting “catch up “trade in the EM world:
Supposedly hedge funds are the smart money. At a minimum there is a self-perpetuating or realization that comes from an enough big money accounts believing the same thing. At a minimum it moves markets.
Emerging Money Daily Audio Call April 14 – On the call today we talk about key moves today in the Dollar and the Euro and what they mean for EM assets.
We are watching the ECB (April 15th) this week to get a sense of whether this can be an event that supports the thesis that the Dollar can remain a bit weaker before it goes much stronger.
Emerging Money Daily Audio Call April 7 – Good morning. On today’s call we look at price action in commodities and EM currencies after a fantastic run.
On the call today we see emerging markets continuing to break through recent technical resistance to the S&P and to itself.
Emerging Money Daily Audio Call March 31 – On the call today we frame global markets anticipation of 1Q earnings season versus the other dominant themes which remain unchanged.
As goes the Dollar as goes volatility and risk assets. After Whirlybird said the Dollar had room to weaken (sort of) we got validation of the call we made BEFORE the Fed: “95 before 110” was the trade named (see Emerging Money last week).