Markets kick off a big week as we dive into 2Q and earnings season, and digest a US Payroll number that was extraordinary in its weakness.
After the anemic non-Farm Payroll (NFP) in the USA with revisions to the two previous months, risk assets have an opportunity to break through recent resistance.
Emerging Money Daily Audio Cal March 3 – On the call today we review the anemic payroll number in the US which is driving risk assets to move higher in quiet holiday trading.
On the call today we see emerging markets continuing to break through recent technical resistance to the S&P and to itself.
We are getting out front on a Brazil call that others may catch on to and it’s not necessarily rooted in some dramatic fundamental change on the horizon.
Long story short – after years of underperformance emerging markets might seize the day if U.S. earnings season shows up as poor as feared.
Emerging Markets are nearing recent trend highs against the SPX and may be poised to trade through recent resistance as we head into a challenged US earnings season and Emerging Markets have had the kitchen sink thrown at it and is coming back for more.
Emerging Money Daily Audio Call March 31 – On the call today we frame global markets anticipation of 1Q earnings season versus the other dominant themes which remain unchanged.
Emerging Money Daily Audio Call March 30 – On the call today we highlight the week ahead which includes major macro around the world despite the fact many countries will be closed on Friday and volume could dry up with liquidity even earlier in the week.
Emerging Money Daily Audio Call March 26 – On the call today I report live from the Engage conference in Detroit where one of the Fed governors has given fresh thoughts on how the Fed will deal with dollar strength.