The Brazil trade continues to work with equal lifting coming from both the currency and the Ibovespa. In total return you have seen a 14% move off the lows on Dec 16th with the drivers being.
The European Central Bank (ECB) exceeded expectations (so rare in life) with their monthly 60 billion euro asset purchasing until Sept 2016 and an open ended loaded bazooka in their pocket.
Emerging Money Daily Audio Preview Call – Friday, January 16 – On the call today we get into emerging markets currencies that are actually doing your heavy lifting for you at a time when the U.S. dollar is heading to six year highs on the DXY.
It’s not easy to wake up today and buy anything. Looking at duration risk, credit risk, currency volume that is unnatural, and U.S. markets that have run for six years on the equity side.
Emerging Money Daily Audio Preview Call January 14 – On the call today why are copper prices down 5% today and why emerging markets outperforming?
While only a small sample of the last Monday emerging market equities are outperforming the SPX despite the bloodletting in commodities. Today Copper (JJC, quote) is -4% and we are seeing industrial metals tank but EM equities are holding serve.
Yeah we know that commodities are suffering with a Strong U.S. Dollar, no China bid, oversupply… Tell me what I don’t know.
Emerging Monday Daily Audio Preview Call January 12 – On the call today we get into U.S. earnings season and the impact and the correlation on emerging markets.