Emerging Money Audio Call for June 16 – We are seeing emerging markets giving a little around but after three weeks of traveling near 13 month highs and also multiyear highs are taking a breath as global risk
As the rally across Latin America continues into the summer, investors need to be wary of the catalysts to the rally versus the reality of the expected change.
That is the statement I heard from a wise man said to me today. So simple, yet the torrent of sentimental rain upon emerging markets for the last few weeks has seemed as if casual observers are throwing in the towel.
What was recently their secret weapon to outperforming the S&P on EPS is now a headwind but is it a hurricane?
DXY index is off -85bps in afternoon trading, but that doesn’t mean the USD strength devastation is not being felt across the world.
Argentine stocks have suffered due to the business unfriendly government, and as a result, some dividend paying stock is cheap. One such opportunity exists with property management stock Alto Palermo (APSA, quote) based in Buenos Aires.