Emerging Money Daily Audio Call – February 2 – On the call today we focus on US data and what could take markets lower as get into the teeth of some important readings in the US tomorrow through Friday.
Oil remains the sentiment driver and today prices are lower despite oil earnings across the sector which tell the tale of companies slashing capex, ultimately this I san oil positive. We are also seeing a couple longer term bears on the street capitulate at these levels.
EM is a range trade to the downside until further notice. We are getting near some levels we think you should pay attention to.
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