yesterday, we got fresh inflation data from the Fed, so the world wants to know, “Hey USA, do you have inflation?”
Over the last three months and from the lows set back in early February, the Emerging Money Country Allocator Index (EMCAI) has outperformed the benchmark MSCI.
As Emerging Markets push near one year highs, we wanted to refresh our core views on markets, outlook and risks.
As we see the US emerge from the winter hibernation (Retail Sales, Industrial Production, Jobless Claims), we are also seeing signs of Emerging Markets recovery on Macro.
Emerging Market equities are outperforming the SPX today by 1.2% and have now rallied 7.6% in 2 weeks even as the SPX hits all-time highs.