Send me real-time posts from this site at my email

Either EM FX is too expensive or else the global PMI will explode higher

EM FX has stabilized, and equities are partying like PMIs will rebound to >60 levels, but we are yet to see that convincing rebound in survey measures. 

Either EM FX and equities are too expensive or else the global manufacturing PMI is about to explode higher. It is do or die time. It’s very hard to find a trigger for a weakening market at present (outside of Iran maybe) but maybe that is a worrying sign in itself?

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue