Emerging Money Daily Audio Call January 13 – We would term today’s close in the US very disappointing after encouraging data from China overnight, and a sense that some of the hysteria amongst market participants was cooling off.
Credit and FX remain relatively at peace despite the adjustment in Equities. We size up the next few days and tell you where we are cautious into US earnings season.
EM on a country and asset class level remains no touch with technicals badly broken and fundamentals not ready for prime time.
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