Futures & FX

Dalio on China

There is a front page Wall Street Journal article today outlining how Ray Dalio of Bridgewater Associates is changing his view on Chinese investments.  Dalio and his team until recently have been proponents of investing selectively across China. 
Ray Dalio is arguably the most successful hedge...

Today’s Emerging Money Audio Call has Been Released

Emerging Money Daily Audio Call July 23 - Global markets pulling back from levels set a couple days ago and earnings not sending a message of increased demand and top line growth from key bellwether names. 
Dollar weakness today is not yielding a great bounce in commodities,  Watch this...

Today’s Emerging Money Audio Call has Been Released

Emerging Money Daily Audio Call  July 24 - Weaker macro and commodity prices become a self-fulfilling backdrop for global equites who are limping into the weekend.
EM underperformance continues and is rooted in major currency weakness despite the Dollar appearing more benign on the DXY.
Bond...

Today’s Emerging Money Audio Call has Been Released

Emerging Money Daily Audio Call July 27 - Focus squarely on China where markets take their biggest move since February of 2007 down -8.5% after a relatively calm morning session word leaked that China was pulling back on their market support.  US traded Chinese ADRs will be collateral damage...

China’s Single Day Drop of 8.48% Sparks Investigation

China’s Shanghai Composite Index dropped like a rock by 8.48% Monday and continued into Tuesday with an intraday low of over 5% before closing down 1.68%.
Monday’s single largest drop since February 27, 2007 has prompted China’s (FXI, quote) Securities Regulatory Commission liaison to open an...

Today’s Emerging Money Audio Call has Been Released

Emerging Money Daily Audio Call July 29 - Fed day mean markets are cautious but they are higher and now the question is what you do if you are trading off a nice bounce in the last three sessions. 
Very little on the macro front to change views that markets remain hostage to macro, fed policy...

Today’s Emerging Money Audio Call has Been Released

Emerging Money Daily Audio Call July 30 - On the call today we sketch recent Fed meeting and macro data out of Europe and the US today and conclude that the Sept hike is still on the table. We also connect the dots to the impact on EM assets. 
Brazil in focus today on the call as we look at the...

Today’s Emerging Money Audio Call has Been Released

Emerging Money Daily Audio Call July 31 - On today's call we look back on a week where a couple conclusions can be made:
The strength of the US economy may not support the overwhelming bullish Dollar sentiment
Despite all that, the Fed is still on board to hike in September
global equities are...

Today’s Emerging Money Audio Call has Been Released

Emerging Money Daily Audio Call August 3 - On today’s call we review recent price action and start the August trading month with some perspective on global markets.
Commodities under pressure again today and questioning whether futures curves are telling the real story rather than spot. ...