Emerging Markets
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US-China Trade De-Escalation Won’t Drive New Highs…
Brazil: Peaking Inflation Will Not Lead To Rate Cuts…
The Case For EM Domestic Bonds…
Unlike in past episodes, US dollar weakness will be deflationary, not reflationary, for the rest of the world. In this context, EM local currency bonds offer a superior risk-reward profile. Stay long domestic bonds in select EM countries.
Our Portfolio Allocation Summary for June 2025.
MacroQuant warns that US equities are pricing in very little economic risk. The model is shunning equities and recommends a large overweight to cash.
MacroQuant warns that US equities are pricing in very little economic risk. The model is shunning equities and recommends a large overweight to cash.
China’s Tourism Industry: A Smart Play Or A Risky Bet…
Peru: A Small EM Gem
Peru…
India: A Slowing Economy Calls For Caution On Equities…