This is your Emerging Money Daily Audio Call. We see global markets volatility on the rise how are we hedging our Emerging Markets positions.
The recent Emerging Market rally is built off a combination of fundamental and technical factors.
Good morning from a snowy New York this Thursday February 13. Emerging markets are under performing global markets this morning on weaker data across the board including key data points in emerging markets. Tune in to hear what we are looking out for and how emerging market currencies are reacting.
While printing 74K on Non-Farm Payroll report (NFP) today in the U.S. gives a temporary momentum boost to flagging spirits in emerging markets, it is not worth discussing other than in the context of what is moving markets today.
In state polls last night in India the opposition party won a stunning upset in areas that hold about 200 million people.
Recent polls out of Sao Paulo show that only 30% vs. 51% in last survey intend to vote for President Dilma’s in the Oct 2014 elections which suddenly are looming.
I made it clear on Monday night’s Fast Money that emerging markets are oversold despite tapering concerns and China possibly in tightening mode, and this was trading opportunity at a minimum.