Last night McDonald’s announced a change at the top replacing CEO Don Thompson with Steve Easterbrook. This move while not unexpected was surprising in the timing, a mere three days after their earnings announcement.
It’s not easy to wake up today and buy anything. Looking at duration risk, credit risk, currency volume that is unnatural, and U.S. markets that have run for six years on the equity side.
Looking at the chart below we find the price for the emerging market ETF – EEM on its own outright and on the spread against the SPY ETF. The later we often refer to as the “EM/DM Spread”.
Emerging Money Daily Audio Call August 8 – On the call today we get into risk reduction Fridays we’ve had a few in a row now and what we would be doing in emerging markets after nice pullback and some technical support.
Last night, Tim was on CNBC Asia talking about China and reiterating that China is not a macro call as much as you are looking for bottom consumption plays.
Disney, a true global franchise brand that has never had a bigger global stage for its Studio and Parks and Resorts products.
Your Ticket to Investing in Emerging Markets Smarter than the MSCI EM Index. The Emerging Money EM Country Allocator Index (EMCAI) is a snapshot of Emerging Markets via a top down country allocation, providing a dynamic, broad-based look at Emerging Markets through country specific ETF’s.
Folks, with today’s underperformance of EM vs DM (the world) we would like to highlight the extreme nature of not only the techincals, but also the techincals of the fundamentals.