Investments of any kind involve risk. Please read our complete risk disclaimer and terms of use below by clicking HERE
JOHN RUBINO'SLATEST BOOKRead MoreCHARLES HUGH SMITH'SLATEST BOOKRead MoreNEW SERIES RELEASE
NOW SHOWING HELD OVER Currency Wars Euro Experiment Sultans of Swap Extend & Pretend Preserve & Protect Innovation Showings Below |
"Currency Wars "
|
"SULTANS OF SWAP" archives open in new window ACT II ACT III ALSO Sultans of Swap: Fearing the Gearing! Sultans of Swap: BP Potentially More Devistating than Lehman! |
"EURO EXPERIMENT"
EURO EXPERIMENT: |
FREE COPY...
Current Thesis Advisory:
"EXTEND & PRETEND"
PDF, 62 pages
Published November 2009
CONTACT US
Use Promo Code: INTRODUCTION
in the Email Subject
"INNOVATION"
INNOVATION: What Made America Great is Now Killing Her! America - Innovate or Die! |
"PRESERVE & PROTECT" archives open in new window |
ANALYTIC
INSIGHTS
Follow Our Updates
on TWITTER
https://twitter.com/GordonTLong
AND FOR EVEN MORE ON RETAIL
STRATEGIC MACRO INVESTMENT INSIGHTS
2014 THESIS: GLOBALIZATION TRAP
NOW AVAILABLE FREE to Trial Subscribers
185 Pages
What Are Tipping Poinits?
Understanding Abstraction & Synthesis
Global-Macro in Images: Understanding the Conclusions
Reading the right books?
No Time?
>> Click to Browse <<
We have analyzed & included
these in our latest research papers Macro Analytics videos!
OUR MACRO ANALYTIC
CO-HOSTS
John Rubino's Just Released Book
Charles Hugh Smith's Latest Books
Our Macro Watch Partner
Richard Duncan Latest Books
MACRO ANALYTIC
GUESTS
F William Engdahl
OTHERS OF NOTE
Book Review- Five Thumbs Up
for Steve Greenhut's
Plunder!
EMERGING MARKETS IN TECHNICAL
'CONSOLIDATION' PATTERN
Expect Further Downside in Q3 / Q4 2014
Published 03-29-14
Investments of any kind involve risk. Please read our complete risk disclaimer and terms of use below by clicking HERE
Bespoke posted this wildly circulated note:
Emerging markets have had a rough go in 2014, with the broad emerging markets ETF (EEM) down 3.3% and the BRIC ETF (EEB) suffering an 8.3% decline thanks to a brutal year in Russian equities. Meanwhile, Brazil has outperformed the rest of EM on the year (down a scant 27 basis points) and is within sight of an outperformance versus the S&P 500, which is down 9 bps on the year as of trading today.
It's also worth pointing out that while biotechs and internet stocks were flying high earlier this year, EM weakness was commonly blamed for difficulties in US equity markets. Now, the shoe appears to be on the other foot, as outperformers in the US get brought back to earth and the emerging world gets a much needed reprieve from the grinding sell offs of the fall and winter.
Below are charts for EEM, EEB and the Brazil ETF EWZ. All three have burst through a downtrend that had served as resistance since the rally in EM ended last October. Brazil was the canary in the coal mine, and as we noted in a tweet last week, the 5 straight up days for the Ibovespa Index were a bullish sign. EWZ broke its downtrend in the middle of last week, and now EEM and EEB are confirming the move upwards after a tentative move above resistance yesterday.
We have marked up the Bespoke charts so you can really understand what is going on or you might be mislead. We have added labeling for an Elliott Wave count and the identification of a classic consolidation within a CONTINUATION pattern.
THIS IS WHAT YOU NEED TO BE AWARE
EM Price/Book is below 1.5X. Expect the above consolidation to precede a move towards 1.0X.
For more detail signup for your FREE copy of the GordonTLong.com 2014 THESIS PAPER
Signup for notification of the next MACRO INSIGHTS
Request your FREE TWO MONTH TRIAL subscription of the
Global Macro Tipping Points (GMTP) Report at GordonTLong.com
No Obligations. No Credit Card.
Gordon T Long
Publisher & Editor
general@GordonTLong.com
Gordon T Long is not a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. Of course, he recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that you are encouraged to confirm the facts on your own before making important investment commitments.
© Copyright 2013 Gordon T Long. The information herein was obtained from sources which Mr. Long believes reliable, but he does not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Mr. Long may already have invested or may from time to time invest in securities that are recommended or otherwise covered on this website. Mr. Long does not intend to disclose the extent of any current holdings or future transactions with respect to any particular security. You should consider this possibility before investing in any security based upon statements and information contained in any report, post, comment or suggestions you receive from him.