Did you know? Turkish banks as a group will show net profit this quarter of 39% plus year over year an all-time high.
Tim Seymour
In November, China’s apparent oil consumption rose by + 0.94 million barrels per day / year over year to a new record high of 10.5 million barrels per day, so much for China falling off the map.
CIVETS are the new “BRICs” (Columbia, Indonesia, Vietnam, Egypt, Turkey, South Africa) after outperforming last year are breaking out again and near all-time highs as an index vs. overall emerging markets which is well off its all-time high
Last week I highlighted a platinum shortage as the auto manufacturing ramps up for 2013. Platinum now is up 5 straight days and is only 4% from highs of last 12months. Gold can’t say that. Platinum is going higher especially as others are now turning their attention to the metal.
Emerging markets vs. domestic markets are back to earth and back to outperform. After emerging markets got overbought vs. domestic markets are now down 7 of 9 days. With earning s season and
Apple (AAPL, quote) heaviness, favor emerging markets back over domestic markets, possibly ready to retake next level of .32 which it could not in late December.