“Mothers Index” is off 22% from the top. The index moved -10% lower last night and -18% in the last 3 days.
The South African ZAR breaks to 4yr lows as banking sector under pressure and threat of rate cuts comes as inflation plummets for this commodity dependent economy.
Economy…what’s this – a thaw in the European Union economic frost?
Recall walking through the ubiquitous chain drug store near you to see the cologne shelves where the knock-off brands advertised “If you like Paco Rabanne, you’ll love ‘Paul Raven’ cologne.” Basically it smells the same but is a lot cheaper.
Hard to feel good about the level of move we have seen in Japan relative to itself. Sure, only a 25bp move in the Japanese 10yr JGBs but this is from 0.60% yield to 0.85% yield and it happened in 3 days.
Weekly Fund Flow data is out there is some unsurprising results from the top and bottom of the leader board.
Emerging Markets vs. domestic markets could be game on if the chart can recover in a big way if we respond to the Federal Reserve and European Central Bank meetings this week the way emerging markets did in the epic first week of Sept 2012.