On a day when Mario Draghi has reinforced why investors must be careful when everyone moves to one side of the boat, its worth bring up a chart of EM equities long term, using long term moving indicators.
On a special “Brazil Political Crisis” audio blog we recap the events of the last 24 hours, and outline the market impact for investors in the short to medium term.
Emerging market equities in the form of the $EEM ETF have staged a strong comeback versus the SPX since late December when they bottomed as some reality started trickling into Trumpenomics.
As the SPX rallies to a fresh record today on better macro globally and a continuation of a cyclically rally that is encouraging higher rates, technicals are saying be cautious with the extreme level of optimism.
The Peso has been Trumped so far and while the move lower (higher in nominal terms) is not over we are getting near a climax topping pattern which combined with fundamentals have us wanting to OWN the MXN into elections. This view is not consensus in any way.
For effectively 5 years Japans 10year benchmark has traded below the 200dma taking with it yields around the world. Japanese institutional investors are one of the biggest groups of investors who influence the flow of large insurance, pension, endowment and municipal allocations.
Tim and the Fast Money traders share their final trades of the night including Twitter, Starbucks, and more.
The Fast Money traders shared their first moves for the market open on July 22
Brian Kelly was a buyer of the […]
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