First off, let me just be clear that I’m one of the few who don’t think this selloff has much to do with EM. Hard to believe that it was only 10 days ago that …
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Last week in this space (MorningWord 1/10/14: Chinese TakeOut) we highlighted the very poor sentiment (possibly for good reason) related to emerging market economies & markets, specifically China. If there is a theme so far …
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The SPX’s decline of nearly 1% yesterday, the largest since December 11th, represents about a quarter of the 4% gains since the FOMC announced its plans to decrease the size of its bond buying program …
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Quietly and without fanfare, interest rates in the U.S. are making multi-month lows this morning. The 10 year yield is at its lowest level since July, nearing the psychologically important 2.50 level: The more relevant …
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Emerging markets are increasingly looking like submerging markets. Overnight, the Indoesian equity market fell 5.5%, making a new low for the year. The Thai equity market fell 3.5% and India fell around 1.5%. Meanwhile, the …
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China is weak, but Europe is strong. We haven’t heard that in a while. Overnight economic data indicated further deterioration in China (Flash PMI at 47.7, its lowest level in 2013). Meanwhile, European Composite PMI …
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MorningWord 6/24/13: If you are waking up this morning and the price action in China surprises you (Shanghai dropping 5.23% to bring it to down ~13.5% on the year), it really shouldn’t. If you respect …
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For those that missed our Webinar on AAPL’s earnings here’s a link to the recorded version: https://attendee.gotowebinar.com/recording/4615196009414955008 MorningWord 4/23/13: The SPX continues to thumb its nose at the rest of the investment world. Last …
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