We have conducted a rebalance of the Emerging Money U.S. Multinational Index Starting March, 2015.
Get a jump start on this week’s trading with Tim’s thoughts on inflation and how to play it.
Do I think Inflation is Rising?
I have to say I do. Last week the Fed told us with a dovish voice that they could still see liftoff when you don’t expect it. I think a lot of folks don’t expect it. Last week CPI data was more than a little hot. Higher oil prices reverse what was the match that lit latest round of CB easing and QE measures. Falling oil really put the wind at the EBC’s back.
The outrage that a man as public and politically linked at Boris Nemtsov could be killed on the busiest bridge in Moscow is resonating throughout Russia. We haven’t seen an assassination like this in a decade and it says now that even formerly unspoken rules are all out the window.
With the credit cycle turning and earnings cycle in full form (with a huge boost from the Euro), we are seeing European stocks hits 7yr highs. Somehow this isn’t terrible exciting with the SPX and NASDAQ also just off highs, and the NASDAQ 5000 mania is all the US investors hear about. Well, Europe is a better story and one we have written and talked about for 2 months.
On the call today we evaluate emerging market equity performance over the last month and conclude that it’s not about stock picking it’s about regional picking.
Emerging Money Daily Audio Call February 26 – On the call today we talk about the Dollar finally pushing back above 95 on the DXY, yet EM currencies holding ground.