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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.
Argentina has been the expected roller coaster for investors over the last 30 months (see chart of the Merval) as the political pendulum has swung back and forth on change and willingness to negotiate in good faith with western creditors.
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.
We have made our view on Volatility very clear for months: We said you wanted to trade it and own it when it got cheap because we were entering an extended period of heightened volatility.
I have often talked about how Emerging Markets correlate very highly with small cap stocks in the U.S. for a couple reasons:
Tim tells Fast Money viewers to sell Potash (POT, quote) positions during the show’s Final Trade segment. Emerging Money readers heard the sell call first seven hours prior right here in Tim’s Potash update.
Emerging Money Daily Audio Call July 28 – On the call today we get into the global backdrop for the week which contains a lot of macro data and lot of Fed activity along with a lot of geo-politics.
Concerns over the viability of Portugal’s largest banks, Banco Banco Espirito Santo, Popolare and Unicredit have sent market participants once again to the safety of gold. As result gold future hit 3 months highs in today’s session.
