Emerging Money Daily Audio Call March 9 – On the call today we discuss markets the day after Payroll numbers in the States devastated markets and expectations of Fed timing were clearly moved forward.
Today, we review weekend macro which includes more confusing headlines from Greece, better macro from China, and nothing new out of Japan in terms of an upshift and GDP expectations.
We update you on Brazil and Turkey, two upgraded counties in our EM Country Allocator Index, where despite negative headlines we believe both currencies are undervalued and trading on distressed momentum. Turkey actually rallying today on both the local market and the currency.
Trading/Portfolio: We continue to expect volatility to remain high and are watching key levels on the downside in the MSCI EM and EEM that presently are holding. Our mantra in this type of environment is simplify your portfolio and trading approach.
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