Russia is oversold. While Russia may not be the best longer term trading call, present conditions look oversold.
Out of the China Plenum comes headlines that are market grabbing. The one that has the highest interest is their claim they will loosen the one child policy.
As SPX hits all-time highs, emerging market equities kiss their 5yr lows.
When it comes to the U.S. dollar we get the negativity…But kissing the 1 year low on the DXY at 79.00 this morning is now overdone and sentiment by analysts and talking heads is as blind as the consensus long USD trade was in the 1Q ’13.
Fresh lows for the Aussie. With the rally in commodities and the Yen off today you would think Aussie would be finding a bid…try -1.75% weaker.
Emerging Markets vs. Domestic Markets.
Japan’s “Mothers Index” was a canary and always is a canary.