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.
What’s Going On?
Why the “dirty laundry” in emerging markets this year versus developed markets which have soared?
Weekend headlines in news outlets like the New York Times and the Huffington Post indicated that gaming giant Las Vegas Sands (LVS, quote) had admitted to graft in its most recent 10-k disclosure. The gambling firm has fired back, denying the allegations. This begs the question: should traders and investors treat this development?
Our analysis now suggests that we are on the verge of a powerful “Santa Claus” Rally in US Equities
which holds the potential to carry the benchmark S&P 500 to 1,425 (+5%) by year end.