Emerging Money Daily Audio Call July 31 – On today’s call we look back on a week where a couple conclusions can be made:
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The strength of the US economy may not support the overwhelming bullish Dollar sentiment - Despite all that, the Fed is still on board to hike in September
- global equities are not ready to crater
Watch China this weekend for policy support to the equity market and we believe EM can outperform next week as China cools down.
EM equities overall are not ready for an OW rating but we are getting more and more convinced that EM equities have priced themselves all the way back to 2003 or just before the golden age of EM investing began. We will continue to update and follow up on this theme.
Have a great weekend.
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