Turkey (TUR, quote) is going through a painful combo of political and macro uncertainty as Erdogan stokes opposition and current account fears are exacerbated in rising global rate environment.
Turkey may also be one of the great emerging market outperformers in 2014 as the external factors are overstated and the domestic issues must be solved.
Garanti Bank (TKGBY, quote) is one of the best run banks in the world and bellwether of this market.
After a tremendous beating, Garanti back near levels where you should pick your spots.
