Emerging Money Daily Audio Call August 18 – Post Fed Minutes the market has a Jackson Hole event it appears to want to melt up into.
Then what? We could be tactically fading this event.
Emerging market stocks are back at 1yr highs and rotation into emerging markets have just begun.
In fact much of this move has been about a removal of an UW by long only funds that we see changing.
Oil is a range trade but we are back at the top of the range. BULL mkt in oil?
Technically we are back there in Brent. Now what?
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