The ECB, Gold and U.S. dollar – This morning the European Central Bank (ECB) surprised global markets by slashing key interest rates to a new record low of 0.05% from 0.15%.
Emerging Money Daily Audio Preview Call September 3 – On the call we get into the supposedly false dawn and emerging markets on the back of weakening China data, we just don’t agree as we think China (FXI, quote) is to continue to be a driver for emerging market (EEM, quote) performance.
Emerging Money Daily Audio Preview Call for September 2 as markets come back post Labor Day environment which is expecting volatility expecting increased volumes.
Emerging Money Daily Audio Preview Call August 28 – Emerging markets (EEM, quote) are underperforming global markets on a combination of Russia (RSX, quote) headlines, combination of China (FXI, quote) IPO glut and a combination of some technical levels.
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 Preview Call – On the call today we get into the Draghi steeling thunder at Jackson Hole and what that means for risk assets.
Today we are selling a core position in Potash Corporation (POT, quote) as we think the outlook for crop prices is challenged, while supply issues may also weigh on utilization levels. We are not changing our tune on the longer term thematic elements of the fertilizer sector, and we believe potash of Saskatchewan is an incredibly well run company.