Futures & FX

Emerging Money Daily Audio Call March 27

Emerging Money Daily Audio Call March 27 - What is more surprising about the failure of the Trump Administration and Republican party to get a healthcare bill passed is how the markets waited until well after the fact to show their frustration…

well, sort of.  The Dow is actually now down for...

Emerging Money Daily Audio Call March 24

Emerging Money Daily Audio Call March 24 - Going into the weekend how aggressive do you need to be with political uncertainty shifting to the US ( away from Europe) ?
What key indicators are we watching?
The US Housing sector remains a strength and the porridge is neither too hit or too cold....

Emerging Money Daily Audio Call March 23

Emerging Money Daily Audio Call March 23 - Are we waiting with baited breath on the bill to be passed House or not. 
Markets are drifting higher but wither way there are some major inflection points to watch in Oil, Small Caps, Banks, and Rates.
What are watching for the economy and how...

Credit Knows

Today’s chart highlights where markets sit in the context of recent volatility, but very distant memories. The focus is High Yield Credit.
High Yield credit should always be consulted to determine the health of the economy and where markets are leading.  Right now we are concerned with high ...

Emerging Money Daily Audio Call March 22

Emerging Money Daily Audio Call March 22 - Surprisingly sane on a relative basis? 
This is what we might say about EU politics compared to what’s going on in the US right now and after France and the Netherlands appear to have fallen in line on the side of liberal to central politics, the US...

Emerging Money Daily Audio Call March 21

Emerging Money Daily Audio Call March 21 - The Trump Trade hits the skids as the Healthcare vote in the House staring everyone in the face.   
Small Caps and Transports don’t want to see yields falling and the Dollar tanking.  MAGA not so great right now.
…Speaking of the USD, we flag the...

EM Filling the Gap?

Emerging Markets were destroyed by Trump and an election that promised not only to build and charge a wall to Mexico ( and put the ugly of the wall side on their side) but to crush China policy and make global trade a naughty word. 

EM equities traded -9.5% almost immediately from the moment...

Dollar: Death Cross or Another Head Fake?

Janet Yellen gave Dollar Bears ammunition to look to the charts. Dollar Bulls are in abundance but that may be the problem. Once again the USD is an overweight long that despite the obvious presence of the Fed can’t get out of its way. The fundamental reasons for the Dollars stagnation are in my view, very clear and have been playing out for some time:
The Dollar index is predominantly based on a weighting against the Euro and the Yen. They combine to be more than 70% of the Index.
The macro story in the EU continues to be the best in the world and this strength will push the Euro higher...